LT Group raises $792 million from Philippines’ largest public deal

The conglomerate’s re-IPO attracts strong demand from global investors, allowing the price to be fixed at the top of the range.

<div style="text-align: left;"> Tanduay's rum brands now form part of consumer conglomerate, LT Group </div>

April 18, 2013

LT Group, a Philippine-listed conglomerate controlled by the family of local tycoon Lucio Tan, has raised Ps32.8 billion ($792 million) from a fully marketed follow-on, after fixing the price at the top of the indicative range.

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