Britain’s largest retailer Tesco plc’s sale of its business in Thailand and Malaysia to Thai conglomerate CP Group emerged as the largest deal in South-East Asia during the first quarter of 2020.
Valued at US$10.6bil, the deal was announced in early March.
This deal also propelled Thailand to the top position of dealmaking in the region terms of value at US$11bil.
This was followed by Singapore, which registered total deal value of US$10.2bil during the quarter in review.
The proposed merger deal between CapitaLand Commercial Trust and CapitaLand Mall Trust, valued at US$8bil, was the top deal by value in the city-state and the second-largest in the region.
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