The consumer goods retail
sector and related industries will lead the next merger and acquisition
(M&A) wave in Vietnam, following recent developments involving Thai
related to the retail sector will attract the most M&A activity, said
speakers while addressing a recent retailers’ business forum sponsored by the
Vietnam Retail Association in Hanoi.
spate of large Thai retailers and consumer goods companies have been flocking
to Vietnam, they said.
is the recent announcement by French supermarket operator Groupe Casino that
it will now likely sell its Vietnam and Thailand operations.
prepared statement, Groupe Casino said it is proceeding with a sale “in the
best interests of the company and its shareholders” of both its Big C Vietnam
and Thailand businesses.
It is not
clear if a sale is contingent upon both businesses being bought by the same
buyer, but that certainly appears to be more than likely the case, said
speakers at the business forum.
holds a 58.6% stake in the total paid-up capital of both Big C Vietnam and
Thailand, with the balance controlled by the original founder, Central Group,
also based out of Thailand.
There had originally been rumours the Central Group was
planning to reacquire control of Groupe Casino’s Big C stores in Vietnam,
said the speakers.
that doesn’t appear to be the case, as a Vietnamese representative of the
Thai conglomerate reportedly has said nothing has happened from its side.
“They [Big C] are approaching retailers in the market to make the selling
“That is a
close to Central Group’s activities in Vietnam said a deal between the Thai
retailer and electronics appliance chain Pico had failed, prompting
speculation that a Central Group takeover was on the cards.
year it had acquired 49% of Nguyen Kim, a major electronics retailer in
Berli Jucker is also eyeing Big C Vietnam after the billionaire Charoen
Sirivadhanabhakdi-backed, listed company dropped its bid for Metro Cash &
Carry in Vietnam.
7, the German group announced it had sold the Vietnam-based wholesale unit to
TCC Holding, another business of Sirivadhanabhakdi, for US$711 million (655
Singapore's Dairy Farm Group, the Republic of Korea (RoK)'s Lotte Group and
Japanese retail group Aeon Co Ltd have also expressed interest in acquiring
Groupe Casino’s stake in Big C Vietnam and Thailand.