Placement in Lucio Co’s restructured holding company raises $397 million

The Cosco Capital deal, which is accompanied by a substantial asset injection, attracts close to 50 investors despite a challenging market backdrop.

<div style="text-align: left;"> Lucio Co owns a 51% stake in listed supermarket chain Puregold Price Club </div>

Anette Jönsson

June 03, 2013

Cosco Capital, the newly created holding company for a group of assets controlled by Philippine businessman Lucio Co including a 51% stake in listed supermarket chain Puregold Price Club, has raised Ps16.8 billion ($397 million) from a combined follow-on and sell-down.

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