Fashion
Thailand’s largest retail conglomerate Central Group is keen to bid for Casino Group’s Thai and Vietnam operations, a company executive said.
Casino owns 58.6% of Big C Supercenter Plc, which has a total a market value of $5.5 billion. Casino said last week it was keen to sell this stake after announcing it would sell its Vietnam unit in the first quarter.
“We are interested in both Big C in Thailand and Vietnam,” Prin Chirathivat, deputy chief executive officer.
“If the prices are not too expensive, we will be keen to bid,” Mr Prin said adding his family, the Chirathivats, has a combined 25% stake in Big C.
Central has been actively looking to buy assets overseas as it wants to expand into Southeast Asia and Europe.
