Central, Aeon penetrating on $2.6bn Big C stake

Big C has 122 outlets in several opposite formats national including this one on Ratchadamri Road in Bangkok. Major operators are meddlesome in selling a infancy seductiveness in a sell chain. NIBHON KANANURAK

Major sell operators are meddlesome in selling a infancy seductiveness value US$2.6 billion in SET-listed Big C Supercenter Plc, a Thai item of French tradesman Casino Group.

Two of a meddlesome groups are Central Group and Aeon (Thailand), a sell section of Aeon Group in Japan.

Casino, that owns 58.6% of Big C, pronounced buyers had already voiced seductiveness in a Thai hypermarket operation.

“The organisation is holding stairs towards a sale of this asset,” Casino pronounced in a statement.

According to a news from Reuters, a expressions of seductiveness came as Casino designed to sell a Vietnam section in a initial half of this year as partial of a €2-billion (79.4 billion baht) devise to revoke debt.

An Aeon (Thailand) executive pronounced Big C was appealing and would element a sell business in Thailand.

“We’ll buy it if a cost is right,” a executive said.

Aeon (Thailand) has an assertive devise to spend 10 billion baht to enhance a sell business over a subsequent 5 years.

An attention source pronounced Central had been meddlesome in Big C for a prolonged time after unwell to bid for a Thai resources of Carrefour in 2010.

“If Central gets Big C, a sell sovereignty will be strengthened and a purchasing energy with suppliers will boost a lot,” a source said. “Central does not have a hypermarket.”

Central operates preference stores, supermarkets, dialect stores, selling malls and speciality stores. In fact, it was a owner of Big C Supercenter and non-stop a initial hypermarket in Bangkok’s Rat Burana district in 1993. Central sole a Big C shares to Casino during a 1997 financial crisis.

In late 2010, Casino’s Big C bought Carrefour SA’s Thai resources in a understanding valued during $1.2 billion.

Big C is a second-largest hypermarket user after Tesco’s Thai section and has a marketplace capitalisation of 163 billion baht.

According to a Reuters report, Casino’s astonishing pierce to sell a Thai section came after a news final month by Muddy Waters Research LLC pronounced a French tradesman was “dangerously leveraged”, call a misfortune slip in Casino’s batch in 7 years.

Casino’s Vietnamese section is an merger aim for Berli Jucker Plc, Berli financier family executive Nutt-hathai Thanachairunsiri told Reuters yesterday.

Berli Jucker is a flagship association in a consumer business of aristocrat Charoen Sirivadhanabhakdi’s TCC Group.

It is too shortly to contend if Berli Jucker would be meddlesome in selling Casino’s Thai unit, Ms Nutt-hathai said.

Warunee Kitjaroenpoonsin, Big C’s corporate affairs and selling communications director, pronounced a association would continue to enhance a sell business even if Casino wanted to sell a stake.

This year Big C will open 6 hypermarkets, 3 branches of Big C Market and 75 mini Big C stores.

BIGC shares sealed yesterday on a SET during 226 baht, adult 28.50 baht, in trade value 236 million baht.

Article source: http://www.bangkokpost.com/business/news/827948/central-aeon-keen-on-2-6bn-big-c-stake

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