Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  CP ALL    CPALL   TH0737010Y08


End-of-day quote. End-of-day quote Stock Exchange of Thailand - 01/19
58 THB   -0.85%
2020Tesco's Asia deal paves way for 5 billion pound shareholder windfall
2020CP ALL : quaterly earnings release
2020Thai antitrust regulator approves CP Group deal for Thai Tesco stores
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Thai antitrust regulator approves CP Group deal for Thai Tesco stores

11/06/2020 | 07:39am EST
A company logo is pictured outside a Tesco  supermarket in Altrincham northern England.

BANGKOK (Reuters) - Thailand's antitrust regulator said on Friday it had approved CP Group's deal to buy Tesco PLC retail stores in the country.

The merger was not considered a monopoly, the Office of Trade Competition Commission (OTCC) said, without giving further details.

Tesco said earlier this year it had agreed to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group for an enterprise value of $10.6 billion..

Britain's biggest retailer has nearly 2,000 Thai retail outlets, many of which it bought from CP Group during the 1997-8 Asian financial crisis.

The latest proposed change of ownership follows a tussle between three of Thailand's most famous retail billionaires. Dhanin Chearavanont's CP Group runs its 12,000 7-Eleven convenience stores through CP All and about 80 cash-and-carry stores under Siam Makro.

CP Group did not immediately respond to a request for comment. Tesco noted the antitrust regulator's statement and said it was waiting for CP Group to receive the formal regulatory approval notice from the OTCC.

Lawyers and analysts said earlier this year there was a possibility the regulator could block the transaction should it find it would create a monopoly or market dominance.

The OTCC's approval on Friday came with conditions that CP Group could not strike another retail merger deal over the next three years.

It also carried stipulations that information about suppliers not be shared between CP's stores and that products from small- and medium-sized firms see higher sales over the next five years via the outlets under the group's control.

Tesco had been expecting to complete the sale of its Thailand and Malaysia businesses this year.

Its new chief executive, Ken Murphy, last month said there were no plans for further retrenchment from overseas markets.

(Writing by Martin Petty; Editing by Kirsten Donovan)

By Patpicha Tanakasempipat

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CP ALL -0.85% 58 End-of-day quote.-0.43%
CPL GROUP PUBLIC COMPANY LIMITED -2.52% 1.16 End-of-day quote.-5.69%
SIAM MAKRO 0.00% 39.75 End-of-day quote.0.63%
TESCO PLC -0.33% 242.1 Delayed Quote.4.62%
All news about CP ALL
2020Tesco's Asia deal paves way for 5 billion pound shareholder windfall
2020CP ALL : quaterly earnings release
2020Thai antitrust regulator approves CP Group deal for Thai Tesco stores
2020CP ALL : Second-Quarter Profit Slumped 40% on Covid-19 Restrictions
2020Thailand?s CP Group expands e-commerce with purchase of HK-based Chilindo
2020CP ALL : half-yearly earnings release
2020Thai billionaire heir's startup Amity flourishes amid pandemic
2020SOUTHEAST ASIA STOCKS : Most rise as local economies set to ease curbs, Philippi..
2020CP ALL : Seven-Eleven convenience store chain to make Cambodia debut in 2021
2020CP ALL : quaterly earnings release
More news
Sales 2020 538 B 17 978 M 17 978 M
Net income 2020 17 050 M 569 M 569 M
Net Debt 2020 209 B 6 965 M 6 965 M
P/E ratio 2020 30,8x
Yield 2020 1,67%
Capitalization 521 B 17 362 M 17 398 M
EV / Sales 2020 1,36x
EV / Sales 2021 1,26x
Nbr of Employees -
Free-Float 56,0%
Chart CP ALL
Duration : Period :
CP ALL Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CP ALL
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 21
Average target price 75,21 THB
Last Close Price 58,00 THB
Spread / Highest target 44,8%
Spread / Average Target 29,7%
Spread / Lowest Target 12,1%
EPS Revisions
Managers and Directors
Tanin Buranamanit Chief Executive Officer, Executive Director & MD
Soopakij Chearavanont Chairman
Chairoj Tiwatmuncharoen Senior Vice President-Operations
Taweesak Kaewrathtanapattama Senior Vice President-Accounting & Finance
Kosa Pongsupath Senior Vice President-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
CP ALL-0.43%17 444
TESCO PLC4.97%32 097
AHOLD DELHAIZE N.V.3.63%30 597
AEON CO., LTD.-2.98%26 864