About This Deal

Alibaba Group Holding Ltd acquired Intime Retail (Group) Company Limited for HK$12.6 billion, a transaction completed in May 2017, structured as cash of HK$12,605 million (RMB11,131 million), HK$10.00 per share.

Intime Retail (Group) Company Limited operates in New Retail / department stores, is based in China. Intime is a leading department-store operator in China, formerly listed in Hong Kong. Alibaba had built a stake from 2014; in May 2017 it and Intime's founder completed a privatization at HK$10.00 per share, taking Alibaba's holding to about 74% and consolidating Intime as it pursued its New Retail strategy.

Advance the New Retail strategy of merging online and offline commerce through a controlled brick-and-mortar operator.

Deal Terms

Acquirer
Alibaba Group Holding Ltd
Target
Intime Retail (Group) Company Limited
Value
HK$12.6 billion
Date
May 2017
Type
Take-private / controlling acquisition (~74%)
Status
Ready

Transaction Details

Target HQ
China
Segment
New Retail / department stores
Structure
Cash of HK$12,605 million (RMB11,131 million), HK$10.00 per share
Closed
May 1, 2017

In Their Words

The Company paid a cash consideration of HK$12,605 million (RMB11,131 million) in the privatization... the Company increased its shareholding in Intime to approximately 74% and Intime became a consolidated subsidiary.Alibaba Group FY2018 Form 20-F, business combinations note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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