Robinsons Supermarket Corporation completed the acquisition 40% stake in Robinsons Convenience Store, Incorporated from MINISTOP Co., Ltd. for PHP 200 million.
December 30, 2022
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Robinsons Supermarket Corporation agreed to acquire remaining 40% stake in Robinsons Convenience Store, Incorporated from MINISTOP Co., Ltd. (TSE:9946) for PHP 200 million on January 24, 2022. Post completion Robinsons Supermarket will hold 100% of Robinsons Convenience Stores. The transaction is expected to complete in February, 2022.
Robinsons Supermarket Corporation completed the acquisition of 40% stake in Robinsons Convenience Store, Incorporated from MINISTOP Co., Ltd. (TSE:9946) on December 31, 2022.
MINISTOP CO., LTD. is a Japan-based company mainly engaged in the operation of convenience chain stores. The Company operates in two business segments, including Domestic segment, its business in both domestic Japan market and Overseas segment that conducts business overseas. In Domestic segment, the Company is engaged in the operation of convenience store business with franchise chain-type affiliated stores and directly managed stores, and logistics operations to Ministop stores through consolidated subsidiaries. The Overseas segment conducts convenience store business with franchise chain-type affiliated stores and directly managed stores, and develops convenience store business with directly managed stores in Vietnam.