THAI COMPANIES ANNOUNCING M&A DEALS

Charoen Pokphand Foods Plc (CPF)

CPF plans to consolidate the Chinese swine business between Chia Tai Investment (CTI) and Chia Tai Animal Husbandry Investment Beijing. The proposed deal aims to acquire 43 companies of Chia Tai Animal Husbandry. Investment worth 131.29 billion baht.

Central Retail Corporation Plc (CRC)

CRC has launched a tender offer for all shares of COL Plc, the operator of retail chains OfficeMate and B2S, for 12.16 billion baht.

Gulf Energy Development Plc (GULF)

Gulf acquired a 35% stake in Burapa Power Holding Co, which operates the Burapa power plant in Chachoengsao, for a total value of 120.75 million baht.

Thai Union Group Plc (TU)

The country’s leading canned seafood exporter plans an investment in Red Lobster Master Holdings, a restaurant subsidiary in the US. The company has not disclosed the purchase price, but investment through its subsidiary Thai Union Investments North America LLC is 49%.

B.Grimm Power Plc (BGRIM)

B.Grimm acquired a 70% stake in Angthong Power Co, a gas-fired power plant under the small power producer scheme, for 2.52 billion baht.

Asset World Corporation Plc (AWC)

AWC, a property developer owned by Charoen Sirivadhanabhakdi's TCC Group, looks set to acquire 12 hotels in Thailand for an undisclosed amount.