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Charoen Pokphand Plans To Buy Back Tesco's Thailand Business

November 18, 2014: 12:00 AM EST
Thailand's second-richest man, Dhanin Chearavanont, is reportedly planning to buy back UK retailer Tesco's business unit, Tesco Lotus. With its 1,737 shops, Tesco Lotus accounts for almost 75 percent of the company's retail outlets in Asia. Dhanin's company, Charoen Pokphand Group, is expected to make the bid for Tesco Lotus, with the tycoon reportedly talking with investment banks regarding the possible buyout bid.
Manunphattr, Dhanananphorn, and Denny Thomas, "Tycoon Dhanin weighs buying back Tesco's $10 billion Thai unit", Reuters, November 18, 2014, © Thomson Reuters
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