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Thailand's Central Group sells remaining stake in Big C Supercenter to TCC Group

( May 11, 2016, 05:10 GMT | Insight) -- Thailand's Central Group has sold its remaining 25-percent stake in Big C Supercenter to TCC Group in a deal estimated to be worth over 50 billion baht ($1.4 billion), The Nation reports.Thailand's Central Group has sold its remaining 25-percent stake in Big C Supercenter to TCC Group in a deal estimated to be worth over 50 billion baht ($1.4 billion), The Nation reports. Central likely made the move to finance its recent 920-million euro ($1.1 billion) acquisition of Big C Vietnam from France’s Casino Group. An industry source said hypermarkets in Thailand were not a primary focus for Central, which already owns Tops Supermarket and FamilyMart, especially after it lost out to TCC in a February bid to acquire Casino’s 58.6-percent stake in Big C Thailand.    ...

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