Thailand’s Berli Jucker seeks $6.2b loan for Big C acquisition; shares drop

Image of Big C advertisement from its website

Thailand’s Berli Jucker PCL (BJC) said it would seek a short term loan and may consider an equity issue to fund a planned $6.2 billion acquisition of hypermarket operator Big C Supercenter PCL, sending its shares down 5 percent.

Berli, controlled by Thai tycoon Charoen Sirivadhananbhakdi’s TCC Group, said on Friday it would seek a short term loan of up to 220 billion baht ($6.2 billion) and may later aim to repay some of the debt with funds raised from an equity offering.

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