Browse related articlesAl Futtaim buys 88% stake in Robinson
United Arab Emirates: Wednesday, April 09 - 2008 at 07:27
UAE-based Al Futtaim group has acquired an 88% stake in Robinson, a Singapore-based retail chain, reported Gulf News. Al Futtaim is offering Dhs1.6bn (S$620m) for the firm and expects to complete the acquisition in a few weeks. GTN Heine, Group Director of Al Futtaim Group, said the firm plans to acquire about 95% of Robinson and eventually de-list it from the Singapore Stock Exchange.
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Jeff Florian, Senior ReporterWednesday, April 09 - 2008 at 07:27 UAE local time (GMT+4)
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