Big C.Supercenter Public Company Limited operates supermarkets and discount stores. The Company retails wide range of food, beverages, sweets, health and beauty, household, electronics, and baby.
Casino Group plans to sell Big C Vietnam
Dec 18, 2015
France’s Casino Group announced plans on December 15 to sell its Big C supermarket chain in Vietnam to cut its debts by more than USD2.2 billionnext year.
In a statement on Tuesday, Casino, the majority shareholder in Big C supermarkets, will also sell some of its real estate in Thailand and Colombia, according to the Bangkok Post.
With 32 Big C outlets nationwide, including eight in HCM City, Big C ranks second among retailers in Vietnam after Co.op Mart. The sale of the Vietnam business could raise USD813.86 million for the firm, meanwhile, the value for Thailand and Colombia market is USD596.8 million and USD216.98 million respectively, Bruno Monteyne, an analyst at Sanford C. Bernstein, told Bloomberg news.
Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, according to people familiar with the matter, marking a major step in the French grocer’s plans to cut its debt. 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. With few rules and strategies to consider, slot games are perfect for new casino players. Try some free slot games now Casino Group Big C Thailand or discover online slots to play for real money. Best for Big Jackpots Lottery. Choose your lucky numbers and potentially win millions. Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, marking.
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The Casino Group is also the second European retailer to announce plans to sell its Vietnamese business, following Germany’s Metro Group which announced in August last year to sell its Vietnamese cash-and-carry unit to Thailand’s Berli Jucker at USD879 million.
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Casino Group said it will continue to focus on its key markets in France, Latin America and Asia after selling its assets in Vietnam, Thailand and Colombia.
Big C owns almost 800,000 square metres of gross leasable area in its shopping malls located in prime locations in Thailand and over 300,000 square metres in Colombia.
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Source: talkvietnam.com
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