AIA offloads more than 60% of its stake in CP All
The deal raises $141 million after being upsized by two-thirds and will reduce AIA’s stake in the Thailand 7-Eleven franchise holder to 0.9%.
July 02, 2012
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.
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to FinanceAsia.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
Questions?
See here for more information on licences and prices, or contact [email protected].