BANGKOK: Investors in Big C, one of Thailand’s largest supermarket chains, cheered on Monday to an up to US$3.5bil deal by France’s Casino Group to sell its majority holding to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi.
Shares in Big C Supercenter hit a 13-month high of 251 baht on Monday, just below the offer price of 252.88 baht, and jumped more than 9% in an otherwise muted market.
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