Big C announces acquisition of Carrefour’s operations in Thailand
Big C will strengthen its presence in the Thai market with the purchase of Carrefour stores. (Photo: Stock File/FIS)
(THAILAND, 11/16/2010)
Big C, a Casino affiliate, announced that it has signed a definitive agreement with Carrefour to acquire its business operations in Thailand for a total consideration of THB 35.5 billion (EUR 868m).
Carrefour Thailand operates a network of 42 stores, of which 34 hypermarkets as well as 37 shopping centers.
The company is expected to generate sales of approximately THB 30bn (EUR 734m) sales in 2010. Big C and Carrefour’s Thai networks present strong g...
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