Central Retail Corporation Public Company Limited (SET:CRC) entered into agreement to acquire remaining 49% stake in Central FamilyMart Co., Ltd. from FamilyMart Co., Ltd. (TSE:8028) on May 27, 2020. Under the terms of agreement, Central Retail Corporation Public Company will acquire total of 5.8 million shares of Central FamilyMart. Central FamilyMart would continue to run FamilyMart stores under a license arrangement. Graeme Preston and Joseph Fisher of Herbert Smith LLP (Tokyo, Japan) acted as legal advisor to FamilyMart Co., Ltd.

Central Retail Corporation Public Company Limited (SET:CRC) completed the acquisition of remaining 49% stake in Central FamilyMart Co., Ltd. from FamilyMart Co., Ltd. (TSE:8028) on May 28, 2020.