A Robinson store in Bangrak
Asia Investment International has sold its entire 10% stake in Thailand’s Robinson Department Store, raising Bt6.73 billion $219 million. The price was fixed just above the mid-point of the indicative range.
The private equity firm first invested in Robinson in 2009 and monetised its remaining investment in the company through this transaction, a source said.
Asia Investment launched the deal after the Thai market closed on Thursday. The order books closed...