Central Food Retail (CFR) has agreed to acquire ordinary shares in Aeon (Thailand), the Thai supermarket arm of ****** an's Aeon Group.
The division runs a 30-store supermarket chain under the MaxValu brand and has operated in Thailand since 1984, when Aeon established its forerunner, Siam Jusco.
Following completion, all Aeon (Thailand) outlets will be renamed under the Tops brand and folded into CFR's existing store network.
Aeon (Thailand) has registered capital of Bt890m ($26.9m), with each share carrying a par value of Bt100.
Once the deal closes, CFR will own the entire registered capital, and Aeon (Thailand) will hand over its business operations and staff to CFR's parent company Central Retail.
#central
The division runs a 30-store supermarket chain under the MaxValu brand and has operated in Thailand since 1984, when Aeon established its forerunner, Siam Jusco.
Following completion, all Aeon (Thailand) outlets will be renamed under the Tops brand and folded into CFR's existing store network.
Aeon (Thailand) has registered capital of Bt890m ($26.9m), with each share carrying a par value of Bt100.
Once the deal closes, CFR will own the entire registered capital, and Aeon (Thailand) will hand over its business operations and staff to CFR's parent company Central Retail.
#central
1 month ago
