Puregold share sale

Puregold share sale nets $155 million for controlling family

Strong demand boosts the deal size, and the transaction helps restore the free-float of the Philippine supermarket chain.

<div style="text-align: left;"> Stephen CuUnjieng of Evercore Partners (left) with the Co family: Susan, Lucio and Ferdinand Vincent, at the FinanceAsia awards eaerlier this year, where Puregold won best mid-cap equity deal </div>

July 13, 2012

Controlling shareholders in Puregold Price Club have raised Ps6.5 billion ($155 million) through a share sale in the Philippines supermarket chain. The book opened after trading hours on Wednesday and closed later that night, a source said yesterday.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.