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An industry source said Central probably made this decision because of its ownership in Tops Supermarket and FamilyMart. Parts of their operations overlap Big C's, he said, adding that hypermarkets are not Central's business focus for Thailand. He also noted that the value of Big C Thailand was far higher than Big C Vietnam's.
'Vietnam seems to be more interesting to Central, judging from the financial sums to be invested in Thailand and possible cannibalisation of Tops and FamilyMart,' the source said.
Central, the largest retail conglomerate in Thailand, accepted a tender offer from TCC Group. The deal, worth at least Bt50 billion, will help Central finance the purchase of Big C Vietnam. Courses en ligne geant casino plan de campagne.
Big C Supercenter operates business in the form of 'Hypermarket' or 'Supercenter', a modern retail business which is managed under the umbrella of Casino group. It is one of the major retailers in. It has operations in four countries, namely Thailand, Vietnam, Laos and Cambodia. The company was founded by Central Group in 1993 and the first Big C opened on Chaengwattana Road in Bangkok in 1994, prior to the company becoming listed on the Stock Exchange of Thailand (SET) in 1995. Casino announces the closing of the sale of Big C Vietnam to Central Group, for an enterprise value of €1 billion, implying 2015 multiples of 1.8x net sales, 20.4x EBITDA and 34.4x EBIT. The proceeds to be received by the Group will amount to €920 million. Central Group is one of the main family-owned conglomerates in Thailand with interests in real estate, department stores, retailing, hospitality.
Central declined to provide any details on the deal, saying its executives were travelling outside the country.
Central Group, which has interests spanning from hotels and resorts to property and restaurants, also bid when Casino Group was selling its Thai assets, eventually losing out to Charoen. He bought the French retailer's majority 58.6-per-cent stake in Big C Thailand for 3.1 billion euros (Bt124 billion) in February.
Central in partnership with Nguyen Kim Group recently acquired Big C Vietnam from Casino for 920 million euros. Central Group chief executive officer Tos Chirathivat said the acquisition represented the strength of Central's will to keep expanding its business in Asia. Operating for more than 18 years, Big C Vietnam has 43 stores nationwide, comprising 33 hypermarkets and 10 convenience stores, and 30 shopping malls. Total revenue in 2015 was about 586 million euros.
Quant, an independent financial advisory, applied eight methods to calculate the value of Big C Thailand, suggesting fair prices ranging from Bt152.7 to Bt265.7 per share. The highest price came from the comparison of the company's price-to-earnings ratio and other domestic retailers' in the past 12 months.
Highlights
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Vietnamese youngster travels back in time with clay miniatures
Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam
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Experience summer sand-boarding in Mui Ne
Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes
Young maple trees given better protection as Hanoi enters rainy season
The trees are currently growing well, with green leaves and healthy branches.
Hunting skinks for food in southern Vietnam
Skink meat is known to be soft, tasty, and highly nutritious.
Vietnamese-made app allows people to grow real veggies via smartphone
Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.
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Hunting skinks for food in southern Vietnam
Skink meat is known to be soft, tasty, and highly nutritious.
Vietnamese-made app allows people to grow real veggies via smartphone
Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.