TCC set to take on retail giants
TCC Group, owned by billionaire Charoen Sirivadhanabhakdi, will emerge as a leading retail chain in Thailand after buying a 58.56% stake in SET-listed Big C Supercenter Plc for 122 billion baht.
The acquisition has fulfilled Mr Charoen’s dream of owning a retail distribution channel after failing with bids for Carrefour’s Thai assets and Makro’s cash-and-carry operations in the country in recent years.
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