Thai conglomerate Central Group mulls IPO for retail arm

The CentralWorld shopping mall, operated by Central Pattana Pcl (CPN), stands illuminated at dusk in Bangkok, Thailand. Photographer: Brent Lewin/Bloomberg

Central Group, one of Thailand’s biggest conglomerates, is studying options including a potential initial public offering of retail assets, people with knowledge of the matter said.

The group is working on a restructuring of its retail operations ahead of a possible IPO as soon as next year, the people said, asking not to be identified because the information is private. The listing could include department store businesses owned by Central, according to one of the people. Any share sale could raise at least $1 billion, the people said.

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