PETALING JAYA: Thailand’s largest conglomerate, the Charoen Pokphand Group (CP Group), is buying a Malaysian premium supermarket operator for RM1.7bil – six years after it bought Tesco Plc and renamed it Lotus’s.
The group is using the same Thailand-listed arm, CP Axtra, that bought Tesco to acquire The Food Purveyor (TFP) from Malaysian-based private equity firm Navis Capital.
