In January, the group completed its acquisition of German cash-and-carry chain Metro’s Vietnamese unit. TCC Group is the parent company of Thai Beverage, the flagship alcohol and beverages company known for its Chang beers.īillionaire Charoen has been expanding his reach within the Association of Southeast Asian Nations, including the 2013 takeover of Singapore beverage company Fraser and Neave, but until now his retail operations have been relatively small. The deal is to be closed by the end of March. 14 when Casino Group initially announced the disposal of its 58.56% stake, currently held through two local subsidiaries. Marking its first full-fledged step into the retail market, Thai conglomerate Thai Charoen Corporation (TCC) Group, owned by alcohol tycoon Charoen Sirivadhanabhakdi, has agreed to buy a majority stake in supermarket operator Big C Supercenter for 3.1 billion euros ($3.4 billion), excluding debts, from France’s Casino Group.īig C operates roughly 700 supermarkets, including 125 hypermarkets, throughout Thailand and is the second largest supermarket operator after Tesco Lotus, owned by the U.K.’s Tesco.Īccording to a Casino Group release, Big C shares are valued at 252.88 baht ($7.1) per share, a 28% premium to the share price on Jan.
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