Deal gives CP All space | Bangkok Post: business

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Deal gives CP All space

  • Published: | Viewed: 5,271 | Comments: 0
  • Newspaper section: Business
  • Writer: Oranan Paweewun
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CP All's 188.88-billion-baht takeover of Siam Makro, the biggest merger or acquisition in the global retail sector this year, will be a springboard for the local operator of 7-Eleven stores to enter the cash-and-carry market and expand abroad, say analysts. 

As CP All is the only 7-Eleven franchise holder in Thailand, expansion of business abroad is restricted, but the firm can use Makro to expand within the region ahead of the Asean Economic Community in 2016, Parin Kitchatornpitak, a senior vice-president of KTB Securities, said after analysts met CP All executives.

"The Asean market has vast room for growth in the retail business," he said.

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