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Casino Big C Thailand
An industry source said Central probably made this decision because of its ownership in Tops Supermarket and FamilyMart. Parts of their operations overlap Big C’s, he said, adding that hypermarkets are not Central’s business focus for Thailand. He also noted that the value of Big C Thailand was far higher than Big C Vietnam’s.
Casino Group is set to sell its stake in Big C Supercenter PCL to the TCC Group, one of Thailand's leading conglomerates, for 3.1 billion euro (US$3.46 billion). The sale is expected to be.
“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.
Central, the largest retail conglomerate in Thailand, accepted a tender offer from TCC Group. The deal, worth at least Bt50 billion, will help Central finance the purchase of Big C Vietnam.
Central declined to provide any details on the deal, saying its executives were travelling outside the country.
Text Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for €3.1 billion ($3.46 billion) to a Thai billionaire, marking a major step in the French. Playtika uses cookies to store information on your Casino Group Big C Thailand computer. Some are essential to make this site work; others help us improve your experience. You consent to the placement of these cookies. France's Casino Group officially sold its Big C supermarket in Viet Nam to the Thai Central Group for 1 billion EUR (US$ 1.14 billion), the French group said in a statement.
Central 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. 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.
Central in partnership with Nguyen Kim Group recently acquired Big C Vietnam from Casino for 920 million euros. Central Group chief executive officer Tos Chirathivat said the acquisition represented the strength of Central’s will to keep expanding its business in Asia. Operating for more than 18 years, Big C Vietnam has 43 stores nationwide, comprising 33 hypermarkets and 10 convenience stores, and 30 shopping malls. Total revenue in 2015 was about 586 million euros.
Quant, an independent financial advisory, applied eight methods to calculate the value of Big C Thailand, suggesting fair prices ranging from Bt152.7 to Bt265.7 per share. The highest price came from the comparison of the company’s price-to-earnings ratio and other domestic retailers’ in the past 12 months.
Casino Big C Thailand News Today
Casino Big C Thailand News
NautaDutilh advised Casino on Dutch law aspects in connection with the disposal of its stake in Big C Thailand and Vietnam.
NautaDutilh advised Casino on Dutch law aspects in connection with the disposal of its stake in Big C Supercenter PCL, listed on the Stock Exchange of Thailand ('Big C Thailand'), for EUR 3.1 billion (excluding debt) to the TCC Group, one of the leading conglomerates in Thailand, with operations in the retail, commercial and industrial business, food and beverage, finance and insurance, property and real estate, agricultural and agro industrial sectors. Big C Thailand is a leader in food retail and commercial real estate in Thailand, operating a large network of more than 700 stores, including 125 hypermarkets, with a turnover of EUR 3.4 billion in 2015. The transaction closed on 21 March 2016.
NautaDutilh also advised Casino on Dutch law aspects in connection with the sale of Big C Vietnam for an enterprise value of EUR 1 billion (proceeds for Casino: EUR 920 million) to Central Group, one of the main family-owned conglomerates in Thailand with interests in real estate, department stores, retailing, hospitality and restaurants. Big C Vietnam is a leading food retailer in Vietnam, operating a network of 43 stores and 30 shopping malls, with a turnover excluding taxes of EUR 586 million in 2015. The transaction closed on 29 April 2016.
The transactions are part of Casino's EUR 4+ billion deleveraging plan.
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NautaDutilh had already advised Casino on various other transactions, including the creation and subsequent IPO of Cnova N.V.
The NautaDutilh team included Leo Groothuis, Hein Hooghoudt, Jaap Stoop, Paul van der Bijl, Stefan Wissing and Pieter van Drooge (all Corporate M&A). In both transactions, NautaDutilh cooperated closely with Darrois Villey Maillot Brochier (Casino's French lead counsel).