CP All’s jumbo $6bn loan lifts mood for big Thai deals
Thai convenience store operator CP All made waves in the market this week, picking five banks to arrange a jumbo $6bn bridge loan for its planned acquisition of retailer Siam Makro. It is a big deal for a Thai borrower to pull off, but bankers are confident that it will be completed without a hitch, and also encourage more companies in the country to think big, writes Rashmi Kumar.
CP All, which is part of Thai billionaire Dhanin Chearavanonts Charoen Pokphand Group, said this week that it had offered to buy Sian Makro, a cash-and-carry chain, for Bt787 ($27.4) per share.
It has already entered into an agreement with SHV Holdings, the majority shareholder of Makro, to
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