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2. Thai tycoon Charoen Sirivadhanabhakdi has secured the 58.6 per cent stake in Big C Thailand from French retailer Group Casino after a short bidding process. The controlling interest will be bought by Charoen’s holding company TCC Holdings which late last year bought the Metro Vietnam business from Germany’s Metro AG for €655 million and is.

France's Casino Group officially sold its Big C supermarket in VietNam to the Thai Central Group for 1 billion EUR (US$ 1.14 billion), theFrench group said in a statement.

The proceeds to be received by the group will amount to 920 million EUR.

Central's Vietnam deal follows Casino Group's disposal of a 58.56% stake in Big C Thailand last month to TCC Group for 3.2 billion euros. Central was reportedly also interested in the Thai operations.

Last year, Casino Group said it may sell the Big C supermarket chainin Viet Nam, Thailand and Colombia to strengthen its financialcapacity.

The group has sold its Big C supermarkets in Thailand to the BJCgroup, a subsidiary of Thailand's TCC Group, for of 3.1 billion EUR.

Casino Group has made significant investments for more than 18 yearsto develop its subsidiary Big C in Viet Nam to create a leading foodretailer in the country. Big C Vietnam consists of a network of 43stores and 30 shopping malls and in 2015 achieved an after tax turnoverof 586 million EUR.

The Casino Group will continue its sourcing of Vietnamese food products distributed in France, Brazil and Colombia.

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The Thai Central Group is one of the main family-owned conglomeratesin Thailand, operating in many sectors, including real estate,department stores, retail, hospitality and restaurants.

In 2015, the group through its subsidiary Power Buy, acquired a 49per cent stake in NTK New Solution and Technology Development InvestmentJoint Stock Co, which owns Nguyễn Kim, a large Vietnamese electronicsmall.

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In Vietnam, the group is also known for its series of Robins shopping malls in Hanoi and HCM City.

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