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Thailand’s TCC Group has agreed to pay Bt123 billion for France-based the Casino Group’s 59 per cent stake in Big C Supercentre, according to the Wall Street Journal.
The move is in line with the French company’s plans to cut its debt.
The deal to purchase the controlling stake in Thailand’s leading hypermarket chain will cost tycoon Charoen Sirivadhanabhakdi’s holding company Bt252.88 a share.
An agreement between the two companies could be announced before the market opens in Asia this morning.
Responding to the Casino Group’s decision to divest its shares in Big C, Warunee Kitjaroenpoonsin, director of corporate affairs at Big C Supercentre, said Big C was a public listed company consisting of many shareholders, with Casino the majority shareholder.
Warunee said the decision to divest the stake was in line with what public listed companies did.
Casino Group sells Asian assets French retailer Casino Group is letting go of its Big C stores in Vietnam and Thailand, according to Vietnam’s tuoitrenews.vn. Last update: December 28, 2015. Investors in Big C, one of Thailand’s largest supermarket chains, cheered yesterday an up to $3.5bn deal by France’s Casino Group to sell its majority holding to TCC Group, owned by whiskey. Assess The Reason Why Central Group Of Thailand, Was Confident In Their Investment By Buying BIG C From Casino France 2. Based On The Given Information In Case Above, Doyou Think It Was A Wise Move By Casino To Sell Out Its Stake In BiG C, Since Vietnam Has A Huge Growth Potential As An Emerging Market 3. French retailer Groupe Casino will trim debt by selling its stake in Thailand-listed hypermarket chain Big C Supercenter PCL for €3.1 billion ($3.5 billion) to TCC Group, a Thailand-based. Feb 07, 2016 Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, marking a.
Big C Thailand
Warunee said that despite having a new majority shareholder, Big C would continue to follow its strategic priorities set for 2016.
They include a business expansion, with the opening of six hypermarkets, three Big C Markets and 75 Mini Big C stores. What does a poker face mean.
Big C Thailand Online
Groupe Casino has agreed to sell its stake in Thailand’s Big C Supercenter to the country’s TCC Group for €3.1bn excluding debt in a deal that will help the French retailer halve its net. Read say hello to blackjack.
Major renovations of seven Alcudia outlets are also planned this year, while Big C aims to maintain its brand-price leadership in the market.