Central Group yesterday insisted it is not seeking to establish its own hypermarket chain to counter TCC Group’s entry into the big retail segment with the recent acquisition of a major stake in SET-listed Big C Supercenter Plc.
Instead, it is considering buying Big C store operations in Vietnam from Casino Group, a leading French retailer.
Tos Chirathivat, the group’s chief executive, said Central did not have any plan to sell its 25% stake in Big C Supercenter in Thailand after TCC Group’s Berli Jucker Plc successfully bought a 58.56percent stake in Big C.
Berli Jucker will make a tender offer for the remaining shares in Big C soon.