Thailand’s Central Group has sold out of domestic retail firm Big C Supercenter Pcl , accepting a tender offer from rival TCC Group in a deal that will help Central purchase a Vietnamese supermarket chain, people with knowledge of the matter said.
Central Group, Thailand’s biggest retailer led by tycoon Tos Chirathivat, is expected to gain at least 50 billion baht ($1.4 billion) from the sale of its 25 percent holding, said one person close to the sale process.
