Equity Financing for acquisition of Tesco Stores in Thailand and Malaysia

SRPP NEWS l 29 January 2021

Passawan advised Bangkok Bank Public Company Limited on a THB 25 billion credit facility granted to Charoen Pokphand Holding Co., Ltd, to finance their investment in C.P. Retail Holding Co., Ltd. In the form of equity injection for the purpose of its subsidiary acquiring Tesco Stores in Thailand and Malaysia. The whole transaction worth approximately THB 336,400,000,000 and it is by far the biggest M&A transaction in Thailand.

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