Puregold share sale

Puregold share sale nets $155 million for controlling family

Strong demand boosts the deal size, and the transaction helps restore the free-float of the Philippine supermarket chain.
<div style="text-align: left;"> Stephen CuUnjieng of Evercore Partners (left) with the Co family: Susan, Lucio and Ferdinand Vincent, at the FinanceAsia awards eaerlier this year, where Puregold won best mid-cap equity deal </div>
<div style="text-align: left;"> Stephen CuUnjieng of Evercore Partners (left) with the Co family: Susan, Lucio and Ferdinand Vincent, at the FinanceAsia awards eaerlier this year, where Puregold won best mid-cap equity deal </div>
July 13, 2012

Controlling shareholders in Puregold Price Club have raised Ps6.5 billion ($155 million) through a share sale in the Philippines supermarket chain. The book opened after trading hours on Wednesday and closed later that night, a source said yesterday.

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