date:Apr 26, 2013
CP All, formerly known as CP Seven Eleven and the local operator of 7-Eleven convenience stores in Thailand, has agreed to buy Siam Makro (Makro) for $6.6bn.
Siam Makro opeartes membership based cash and carry trade centers, registered under the name of 'Makro', throughout Thailand.
Under the deal, Makro will be a new distribution channel to export Thai small and medium enterprises (SMEs) and agricultural products as well as fresh and frozen goods such as meat products to Asean countries.
CP