M&A Deal Summary

Charoen Pokphand Group Acquires Tesco - Thailand and Malaysia Operations

On March 9, 2020, Charoen Pokphand Group acquired retailer Tesco - Thailand and Malaysia Operations from Tesco for 11M USD

Acquisition Highlights
  • This is Charoen Pokphand Group’s 1st transaction in the Retail sector.
  • This is Charoen Pokphand Group’s largest (disclosed) transaction.
  • This is Charoen Pokphand Group’s 1st transaction in Thailand.

M&A Deal Summary

Date 2020-03-09
Target Tesco - Thailand and Malaysia Operations
Sector Retail
Buyer(s) Charoen Pokphand Group
Sellers(s) Tesco
Deal Type Divestiture
Deal Value 11M USD

Target

Tesco - Thailand and Malaysia Operations

Bangkok, Thailand
Tesco Plc's Thailand and Malaysia Operations compromise retail stores based in Thailand and Malaysia.

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Buyer(S) 1

Buyer

Charoen Pokphand Group

Bangkok, Thailand

Category Company
Sector Business Services
DESCRIPTION

Charoen Pokphand Group Co., Ltd. serves as a parent company of C.P. Group. As a holding company, Charoen Pokphand Group Co., Ltd. holds shares of subsidiaries in Thailand and overseas. The Group operates across many industries ranging from industrial to service sectors, which are categorized into 8 Business Lines covering 13 Business Groups. Currently, the Group has investments in 21 countries and economies.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (Thailand) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Tesco

Welwyn Garden City, United Kingdom

Category Company
Founded 1919
Sector Retail
Employees330,000
Revenue 68.2B GBP (2024)
DESCRIPTION

Tesco is a multinational grocery and general merchandise retailer. Tesco was founded in 1919 and is based in Welwyn Garden City, England.


DEAL STATS #
Overall 7 of 8
Sector (Retail) 5 of 6
Type (Divestiture) 5 of 6
Country (Thailand) 1 of 1
Year (2020) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 Tesco - Opticians Business

United Kingdom

Tesco Plc - Opticians Business operates in the UK and Republic of Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Tesco Polska

Poland

Tesco Polska is a grocery and general merchandise retailer that comprises 301 stores and two distribution centers with approximately 7,000 employees.

Sell zł900M