SINGAPORE: At least 10 companies, mostly from Asia, are interested in buying the retail business of Singapore’s oldest department store operator, Robinson and Co Ltd, which could be worth S$270mil to S$380mil, analysts said.
“We have received a healthy number of expressions of interest from a variety of parties,” said Sheel Kohli, head of group communications at ING Bank NV, Robinson’s financial adviser. “I can’t confirm names and numbers but I would say they’re mostly in Asia-Pacific,” he added.
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