Acquisition of Tesco’s businesses in Thailand and 乐鱼体育官网 by Charoen Pokphand Group
Advised Charoen Pokphand Group as 乐鱼体育官网n counsel, on its acquisition of Tesco’s businesses in Thailand and 乐鱼体育官网 - the biggest corporate acquisition in Thailand’s history and one of the largest in Asia.
Rahmat Lim & Partners undertook the buy-side due diligence on the 乐鱼体育官网n business, advised on the 乐鱼体育官网n aspects of the transaction documents and assisted with completion of the acquisition of the 乐鱼体育官网n business.
This is the first major acquisition in 乐鱼体育官网 approved by the Distributive Trade Committee of the Ministry of Domestic Trade and Consumer Affairs (“MDTCA”) under the new Guidelines on Foreign Participation in Distributive Trade Services in 乐鱼体育官网 issued in 2020. Given the scale of Tesco’s business in 乐鱼体育官网 and the potential socio-economic impact of the acquisition, the process of obtaining the Distributive Trade Committee’s approval was particularly challenging and the MDTCA engagement process needed to be managed cautiously.
Advising Charoen Pokphand Group were Partners Chia Chee Hoong and Ang Sinn E.
