CP All

CP All makes record bid for Siam Makro

Thai convenience store owner CP All offers to pay $6.6 billion for cash-and-carry retailer Siam Makro.
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Siam Makro is one of Thailand’s leading cash-and-carry retailers
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<div style="text-align: left;"> Siam Makro is one of Thailand’s leading cash-and-carry retailers </div>

CP All, owner of the 7-Eleven convenience store franchise in Thailand, has offered to pay $6.6 billion for Siam Makro, one of the country’s leading cash-and-carry retailers. It will be the biggest MA transaction worldwide in the retail sector so far this year, and the largest ever Thai domestic takeover.

The company, controlled by billionaire Dhanin Chearavanont’s Charoen Pokphand Group, has agreed to pay Bt787 $27.3 a share to the main shareholder SHV Holdings for a 64.35% stake, valued at $4.24 billion, and offer the same price to minority shareholders within two months.

“The acquisition represents an in-market consolidation between two companies within the same sector,”...

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