Central Retail Corporation Public Company Limited made an offer to acquire an additional 46.18% stake in Robinson Public Company Limited from a group of sellers for THB 34 billion.
As of January 15, 2020, transaction is subject to governmental and regulatory approvals. Discover Management Co., Ltd., which acted as an independent financial advisor is of the view that transaction is fair and reasonable and shareholders should accept the offer. The tender offer will close on February 3, 2020. Bualuang Securities Public Company Limited and Phatra Securities Public Company Limited acted as tender offer agents in the transaction. Discover Management Co., Ltd. acted as independent financial advisor to Robinson Public Company Limited.