![]() ![]() He bought the French retailer’s majority 58.6-per-cent stake in Big C Thailand for 3.1 billion euros (Bt124 billion) in February.Ĭentral in partnership with Nguyen Kim Group recently acquired Big C Vietnam from Casino for 920 million euros. The deal, worth at least Bt50 billion, will help Central finance the purchase of Big C Vietnam.Ĭentral declined to provide any details on the deal, saying its executives were travelling outside the country.Ĭentral Group, which has interests spanning from hotels and resorts to property and restaurants, also bid when Casino Group was selling its Thai assets, eventually losing out to Charoen. “Vietnam seems to be more interesting to Central, judging from the financial sums to be invested in Thailand and possible cannibalisation of Tops and FamilyMart,” the source said.Ĭentral, the largest retail conglomerate in Thailand, accepted a tender offer from TCC Group. ![]() ![]() He also noted that the value of Big C Thailand was far higher than Big C Vietnam’s. Parts of their operations overlap Big C’s, he said, adding that hypermarkets are not Central’s business focus for Thailand. An industry source said Central probably made this decision because of its ownership in Tops Supermarket and FamilyMart. ![]()
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