Thailand's biggest retailer, Central Group, said it may bid for French supermarket firm Casino Group's Thai and Vietnam stores, seeking control of a business it already partly owns as a platform for growth in fast-growing South-East Asia.
"We are interested in both (Casino-controlled) Big C in Thailand and Vietnam," Prin Chirathivat, deputy chief executive officer told Reuters in a phone call. "If the prices are not too expensive, we will be keen to bid," Prin said.
Casino owns 58.6% of the Thai asset, Big C Supercenter Pcl, which has a market value of US$5.5 billion, and is the country's second-biggest hypermarket business. The Vietnam asset is worth at least US$750 million, according to people familiar with the matter.
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"We are interested in both (Casino-controlled) Big C in Thailand and Vietnam," Prin Chirathivat, deputy chief executive officer told Reuters in a phone call. "If the prices are not too expensive, we will be keen to bid," Prin said.
Casino owns 58.6% of the Thai asset, Big C Supercenter Pcl, which has a market value of US$5.5 billion, and is the country's second-biggest hypermarket business. The Vietnam asset is worth at least US$750 million, according to people familiar with the matter.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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