By The Manila Times
Robinsons Retail Holdings Inc.’s (RRHI) board has approved a voluntary delisting from the Philippine Stock Exchange (PSE) after its largest shareholder, JE Holdings Inc., said it wanted to take the retailing giant private.
JE Holdings, which is owned by the Gokongwei family that controls Robinsons Retail, wants to launch a tender offer for the rest of the firm’s issued and outstanding shares.
The price was set at P48.30 per share, which Robinsons Retail said was supported by an independent valuation and fairness opinion and equivalent to a 2.23-percent premium over the one-year volume-weighted average of P36.5285 as of Wednesday, March 27, 2026.
Robinsons Retail President and CEO Stanley Co, in a statement on Friday, said the planned transaction would provide shareholders with a viable exit option amid market conditions.
“The proposed tender offer and voluntary delisting provide RRHI shareholders with a meaningful exit opportunity,” he said, adding that the company’s share price had yet to fully reflect its intrinsic value and could take time to realign with fundamentals due to macroeconomic uncertainties.
Company Chairman Robina Gokongwei-Pe said the move was aligned with the company’s long-term direction.
“This proposed transaction reflects that commitment while preparing the company for its next chapter,” she said.
The tender offer and delisting remain subject to regulatory approvals, including from the Securities and Exchange Commission, PSE and the Philippine Competition Commission, as well as compliance with applicable rules.
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