Robinsons completes BPI stake purchase

By Ed Paolo Salting

Jan 16, 2023 12:32 am

ROBINSONS Retail Holdings Inc. (RRHI) has officially closed the purchase of a 4.4-percent stake in Bank of the Philippine Islands (BPI).

In a disclosure on Friday, RRHI reported that Arran Investment Pte. Ltd. (Arran), an affiliate of GIC Private Ltd., had that day completed the sale of a remaining 10,384,903 preferred shares in Liontide Holdings Inc. (Liontide) to RRHI.

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