Tesco Lotus set to return to Thai conglomerate CP Group’s stable in $10.6b deal

Tesco Lotus set to return to Thai conglomerate CP Group’s stable in $10.6b deal

A Tesco store sign is displayed. Photo: Simone Hutsch/unsplash

CP Group has offered to acquire Tesco Asia Group’s Malaysian and Thai operations in a deal valued at $10.58 billion on a cash and debt-free basis, the Thai conglomerate said in a filing to the Stock Exchange of Thailand Monday.

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