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APR 23, 2013 - Yahoo! News

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Thai tycoon launches $6.6 billion buyout to kick off Asian retail push

By Khettiya Jittapong BANGKOK (Reuters) - Thailand's richest man has made a $6.6 billion offer to buy cash-and-carry wholesaler Siam Makro Pcl , the biggest Asia-Pacific M&A deal announced this year, as the tycoon looks to grab a larger share of the country's buoyant retail market. The country's biggest convenience store chain CP All Pcl , controlled by Dhanin Chearavanont, is gunning to push deeper into Thailand's $80 billion retail sector just two months after Dhanin's surprise move to buy a $9.4 billion stake in Ping An Insurance Group of China from HSBC plc . ... Read More

Tags: Thai tycoon launches $6.6 billion buyout to kick off Asian retail push,  Ping An Insurance Latest News