Government regulators greenlight CP’s acquisition of Tesco operations in Thailand

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phuketrichard
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Government regulators greenlight CP’s acquisition of Tesco operations in Thailand

Post by phuketrichard »

I have always enjoyed shopping in Tesco,
wonder if it will change?
The Office of Trade Competition Commission (OTCC) said on Friday that it approved the Charoen Pokphand Group (CP)’s acquisition of Tesco stores in Thailand with some conditions.

CPALL’s share price had been trading at a four-year low at 59 baht per share.

The deal worth around $10.6 billion was given a green light as it did not constitute a monopoly, the regulators said in its ruling.
https://www.thaienquirer.com/20491/gove ... -thailand/
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Cowshed Cowboy
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Re: Government regulators greenlight CP’s acquisition of Tesco operations in Thailand

Post by Cowshed Cowboy »

They already own Makro, Tops and 7-Eleven, seems pretty monopolistic to me.
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Robins
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Re: Government regulators greenlight CP’s acquisition of Tesco operations in Thailand

Post by Robins »

Cowshed Cowboy wrote: ↑Sat Nov 07, 2020 5:49 pm They already own Makro, Tops and 7-Eleven, seems pretty monopolistic to me.
The Office of Trade Competition Commission (OTCC) might as well pack up their crayons and go home after this insane pronouncement. If this isn't a dangerous monopoly, what is?
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