Central Retail Corporation Public Company LimitedCRC acquires 30 MaxValu branches, expanding footprint and expected to improve margins and profitability by 2027.
Central Retail Corporation, or CRC, has sent its subsidiary Central Food Retail to acquire Aeon Thailand, which operates supermarkets under the MaxValu brand, totaling 30 branches. After the transaction, CRC will hold a 100% stake. This deal gives CRC an immediate fast-track of 30 branches, a customer base of over 900,000, ownership of prime land in Bangkok, surrounding provinces, and major cities, as well as a ready-to-eat food production center. Analysts from Pi Securities and KGI Securities view the deal positively, expecting it to help improve margins and return the business to profitability by 2027, although there may be short-term costs from rebranding.
Central Retail Corporation Public Company LimitedCRC acquires 30 MaxValu branches, expanding footprint and expected to improve margins and profitability by 2027.
Aeon Thailand is being acquired; impact on its own value is not detailed, but the deal is viewed positively for CRC.