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.

At a shareholder meeting on Wednesday, 87% of shareholders voted in favour of the acquisition, well above the 75% that CP All needed. CP All’s stock had initially plunged by...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: cp all | siam makro | siam commercial bank | ubs | hsbc

Print Edition

FinanceAsia Print Edition

EVENTS