The Lippo Group, through Auric Pacific Group Ltd (“Auric Pacific”) has agreed to acquire 29.9% of Robinson and Company, Limited (“Robinsons”). The transaction is valued at approximately €100.
Robinsons is one of Singapore’s largest and most established retail companies.
The acquisition of Robinsons provides the Lippo Group with an established retail footprint in Singapore and Malaysia, and complements its retail presence in Indonesia. Auric Pacific is primarily in the business of food and beverage distribution and manufacturing. Lippo Group is a major Indonesian conglomerate.
BNP Paribas Peregrine is the joint financial advisor for the acquisition, which was originated and executed by the Corporate Finance Team in Singapore.