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Thailand’s Central Group in German retail bid

Thailand’s Central Group is quietly negotiating to take over a popular department store in Germany in a bid to enhance its retail brand recognition abroad. An industry source said the deal was expected to be settled in the coming months.

The giant retail group recently announced it would allocate THB10 billion (USD300.2 million) to expand its business in Europe this year through mergers and acquisitions.

Germany is not the first country for Central Group to have a presence in Europe.

(Source: Bangkok Post)