Big C Casino Groups
Big C Casino Group Logo

Since 17 March 2020, Casino Group’s 220,000 employees in France, Brazil, Colombia, Uruguay, Argentina and the Indian Ocean have rallied to continue supplying our 11,172 stores and serving millions of customers every day. They are doing their jobs efficiently, humbly and professionally, giving a fresh sense of nobility to the trade. This free Casino Group Big C Thailand spins casino bonus is available Casino Group Big C Thailand to new Lucky Bird Casino customers only. One per household, per IP address. No deposit spins are available in the Casino Group Big C Thailand specified game only. Besides Central Group, Thailand’s biggest retailer, Singapore’s Dairy Farm International Holdings and South Korea’s Lotte Shopping have vied for Casino Group’s Big C Vietnam, which is valued between $800 million and $1 billion, according to Reuters. A separate banking source said Casino Group was keen to sell both units to the same bidder.

CENTRAL GROUP yesterday confirmed it had sold its remaining 25-per-cent stake in Big C Supercenter to TCC Group, a holding company owned by tycoon Charoen Sirivadhanabhakdi.

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.

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. Paddy power casino 60 free spins no deposit. 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.

Thailand’s TCC Group has agreed to pay Bt123 billion for France-based the Casino Group’s 59 per cent stake in Big C Supercentre, according to the Wall Street Journal.

The move is in line with the French company’s plans to cut its debt.

The deal to purchase the controlling stake in Thailand’s leading hypermarket chain will cost tycoon Charoen Sirivadhanabhakdi’s holding company Bt252.88 a share.

An agreement between the two companies could be announced before the market opens in Asia this morning.

Big C Casino Groups

Responding to the Casino Group’s decision to divest its shares in Big C, Warunee Kitjaroenpoonsin, director of corporate affairs at Big C Supercentre, said Big C was a public listed company consisting of many shareholders, with Casino the majority shareholder.

Big C Casino Group Logo

Warunee said the decision to divest the stake was in line with what public listed companies did.

Warunee said that despite having a new majority shareholder, Big C would continue to follow its strategic priorities set for 2016.

Casino in venlo. They include a business expansion, with the opening of six hypermarkets, three Big C Markets and 75 Mini Big C stores.

Major renovations of seven Alcudia outlets are also planned this year, while Big C aims to maintain its brand-price leadership in the market.