LT Group starts marketing for $700 million re-IPO

Following a restructuring, the Lucio Tan-controlled conglomerate that was formerly known as Tanduay Holdings has operations in the tobacco, beverage, banking and property sectors.

Bankers have started pre-marketing for a follow-on of LT Group, a Philippine-listed company controlled by the family of local tycoon Lucio Tan, giving investors another option to increase their exposure to the country’s consumer sector.

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