Dairy Farm International Hldgs Ltd DF Increases Interest in Rose Pharmacy Inc to 100% (6524C)
October 02 2018 - 2:00AM
UK Regulatory
TIDMDFI TIDMJAR TIDMJDS
RNS Number : 6524C
Dairy Farm International Hldgs Ltd
02 October 2018
To: Business Editor For immediate release
DAIRY FARM INCREASES INTEREST IN ROSE PHARMACY, INC TO 100%
2nd October 2018 - Dairy Farm International Holdings Limited is
pleased to announce that it has agreed to acquire the remaining 51%
interest in Rose Pharmacy, Inc ('RPI') from BRG Realty Corporation,
a company owned by the founders of RPI, the Lim Family. Upon
completion of the transaction, Dairy Farm will hold 100% of RPI.
The transaction is conditional on the approval of the Philippine
Competition Commission and completion is expected to take place
within the next six months, at which time a further announcement
will be made.
Dairy Farm is a leading pan-Asian retailer. The Group, together
with its associates and joint ventures, operate over 7,400 outlets
- including supermarkets, hypermarkets, convenience stores, health
and beauty stores, home furnishings stores and restaurants -
employing over 200,000 people, and had total sales in 2017
exceeding US$21 billion. Dairy Farm International Holdings Limited
is incorporated in Bermuda and has a standard listing on the London
Stock Exchange, with secondary listings in Bermuda and Singapore.
It is a member of the Jardine Matheson Group.
- end -
For further information, please contact:
Dairy Farm Management Services Limited
Ian McLeod (852) 2299 1881
Neil Galloway (852) 2299 1896
Brunswick Group Limited
Kirsten Molyneux (852) 3512 5053
This and other Group announcements can be accessed through the
internet at 'www.dairyfarmgroup.com'.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DOCGSBDGIBGBGID
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