Siam Makro Pcl surged as much as 24% after Thailand’s biggest operator of cash-and-carry stores announced a plan worth about 218 billion baht ($7 billion) to take control of retailer Lotus from other affiliates of the Charoen Pokphand Group.
The share-price gain was the biggest since August 2013, with the deal leading to Siam Makro taking a 76% stake in the Lotus chain in Thailand, which has about 2,000 outlets, and Malaysia, with a much smaller footprint. Lotus runs outlets ranging from grocery stores, hypermarkets and convenience shops.
"control" - Google News
September 01, 2021 at 12:52PM
https://ift.tt/3DDQ5bg
Siam Makro Surges on $7 Billion Deal to Control Lotus Stores - Bloomberg
"control" - Google News
https://ift.tt/3bY2j0m
https://ift.tt/2KQD83I
Bagikan Berita Ini
0 Response to "Siam Makro Surges on $7 Billion Deal to Control Lotus Stores - Bloomberg"
Post a Comment