CP All bumps up Siam Makro block to net $325m

Bangkok_3_230px
By Jonathan Breen
28 Mar 2018

CP All, a unit of Charoen Pokphand Group, has raised Bt10.1bn ($324.6m) from a block sale of Siam Makro shares, boosting the size on the back of long-only demand, according to a source close to the deal.

The vendor was initially offering 161.2m shares in the Thai food retailer at Bt43.5-Bt44.25 each, which gave it potential returns of Bt7.01bn-Bt7.13bn.

Joint bookrunners Credit Suisse and Siam Commercial Bank launched the block trade after the markets closed on Tuesday. Siam Makro's shares had closed at Bt51 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial