MANILA, Philippines — Robinsons Retail Holdings Inc. (RRHI) has purchased again P15.77 billion price of its shares from DFI Retail Group. This displays optimism on its long-term development prospects.
RRHI on Friday stated it had reacquired 315.31 million frequent shares from a subsidiary of DFI. This represents a 22.2-percent stake within the Robinsons agency.
The shares have been priced at P50 apiece. This implies a 31.75-percent premium over RRHI’s share worth of P37.95 as of Friday afternoon.
READ: Robinsons Retail nets P760M in Q1 2025
“The continued share repurchase program displays the corporate’s perception that present market costs don’t totally mirror the underlying monetary energy and long-term development prospects of RRHI,” the corporate stated in a regulatory submitting.
In 2018, DFI acquired a 18.25-percent stake in RRHI. This was completed after the latter utterly took over Rustan Supercenters Inc. in a share swap deal.
Two years later in 2020, RRHI additionally totally acquired Rose Pharmacy from DFI. In consequence, DFI elevated its shareholding in RRHI to 22.2 %.
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