CP All gets green light to buy Siam Makro

CP All's roadshows pay off as 87% of investors support its $6.6 billion plan to acquire Siam Makro.

Convenience store operator CP All has received the green light to go ahead with its $6.6 billion acquisition of discount retailer Siam Makro — a deal with the highest valuation among retail sector acquisitions in Asian emerging markets during the past five years, according to analysts.

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