![]() The transaction values Big C at 253 baht (US$7.1) per share, it said. ![]() The deal would add to the US$50.6 billion of acquisitions in Southeast Asia over the past 12 months, data compiled by Bloomberg show. He owns Berli Jucker, the retail arm of TCC. The sale to TCC, controlled by Thai magnate Charoen Sirivadhanabhakdi, will allow Casino to cuts its debt by €3.3 billion and will be completed by March 31, the French retailer announced.Ĭharoen’s acquisition of Big C would boost his retail presence in Thailand. The Vietnamese selloff had been planned earlier. Casino has announced a €4-billion disposal plan, including the sale of its Vietnam assets and its stake in the Thai ubiquitous supermarket chain.Ĭasino’s plan to sell the Thai assets came after a December report by a short-seller called Muddy Waters that said the Casino Group was “dangerously leveraged”, prompting its worst stock slide in seven years. ![]() The deal is a part of the French food retailer’s debt reduction plan. ![]() The French Casino Group has agreed to sell its majority holding in Thailand’s Big C Supercenter for 3.1 billion euros excluding debt (US$3.5 billion) to the Thai TCC Group, it said on Sunday. The visitor to Thailand need not wait long to find a Big C. ![]()
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