The information was published by Reuters on April 29th. The winner in the race to acquire Big C Vietnam is Central Group, a corporation from Thailand.
According to Reuters, Casino – the French retailer has officially announced to sold Big C Vietnam to Central Group from Thailand for 1.14 billion USD. This is a move to reduce current debts of the owner of this supermarket.
According to Casino, the commission of the deal is 920 million Euros. Central Group is a well-known family corporation in Thailand, operating in many fields such as real estate, retail, hotel and restaurant.
Earlier, in February, TCC Group, a rival of Central Group has won the race to buy the shares of Big C Thailand from Casino for 3.1 billion Euros. TCC has also included in the race to acquire Big C Vietnam.
Lotte Group (Korea), Central Group and TCC Holding (both from Thailand), Saigon Co.op and Masan Group (Vietnam) are the brightest candidates in this race. However, according to new information, Lotte Group and Central Group will abandon the race.
During the first bidding round, investors offering a very high price of nearly 1 billion USD. Finally, Big C Vietnam has belonged to Central Group.
Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.