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Bangkok Post
Bangkok Post
Business

HISTORICAL FACTS: Central retail to acquire maxvalu thailand - The Untold Story

Central Retail Thailand CRC AEON Tops CFR
A MaxValu supermarket in Thailand. Central Retail plans to acquire AEON (Thailand), the operator of 30 MaxValu stores, and rebrand all outlets as Tops following completion of an acquisition deal. (Bangkok Post file photo)

Central Retail Corporation Plc (CRC) has agreed to acquire AEON (Thailand) Co Ltd, the operator of 30 MaxValu supermarkets in Thailand, in a move aimed at strengthening its food retail business and expanding the footprint of its Tops supermarket chain.

In a filing to the Stock Exchange of Thailand on Friday, CRC said its wholly owned subsidiary, Central Food Retail Co Ltd (CFR), had signed a share purchase agreement to acquire all ordinary shares of AEON (Thailand).

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