Thai stores giant CP all $6.6 billion to buy stores operator Siam is Asia's biggest takeover bid in the year to date.
7-eleven convenience store operator in Thailand on Tuesday announced a deal in Siam from Dutch SHV is bought a 64.35% stake.
The remainder of this will be from makro comprehensive proposal put forward.
All CP is Thailand charoen pokphand group consists of Thailand's richest dhanin have part of it.
Billionaire earlier this year bought a 15.6% stake in China's ping an insurance of $7.4 billion.
All CP, chief executive of cole Isaac Chairasmisak, said the acquisition will add a new channel, products are exported to southeast Asia, in Thailand because Siam is also have a wholesale business.



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