Thai cash and carry chain Makro in $86m acquisitions, expands in SE Asia

Thai listed wholesaler Siam Makro, through its subsidiary Siam Food Services, has entered agreements to acquire four food service businesses in Asia and the United Arab Emirates, for over 3 billion baht ($86 million).

The Thai cash and carry operator said, in a regulatory filing, said it will be buying 80 per cent each in these targeted companies, which are Indoguna (Singapore) Pte Ltd, Indoguna Dubai LLC and two Hong Kong-based firms Lordly Company Limited and Just Meat Company Limited.

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