Thailand's Central Group is to sell its 25% stake in Big C Supercenter to TCC Group.
Will help fund Vietnamese acquisition
Central Group is selling its stake for a reported THB50bn (c.USD1.4bn) to TCC Group, which acquired Big C Thailand from Casino in March this year. The transaction will help fund Central Group's own purchase of Big C Vietnam, which was revealed at the end of April.
Improving results at Big C Thailand
Big C reported Q1 2016 revenues of THB32,890m, down 1.1% compared to the same period last year. However, underlying performance appears to be gaining momentum. Find out more here.