Mergers & Acquisitions Mergers & Acquisitions

Comment: $10 billion Tesco-CP retail deal set to face tough antitrust scrutiny

By Jet Damazo-Santos
  • 10 Mar 2020 03:37
  • 10 Mar 2020 03:37

Bangkok-based Charoen Pokphand group may have defeated its fellow Thai conglomerates in the $10.6 billion battle to take over Tesco’s Southeast Asian businesses, but it’s facing what could be a much tougher fight to secure approval from the country’s newly empowered competition regulator. 

Tesco’s presence in Thailand’s retail market is so

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Jet Damazo-Santos

Correspondent, Jakarta

Jet Damazo-Santos has been covering antitrust, data protection and other compliance issues in key jurisdictions in Southeast Asia for MLex full time since 2018. She has almost two decades of journalism experience in the Philippines and Indonesia, where she was the associate editor for the Jakarta Globe and the Jakarta bureau chief for Rappler Indonesia prior to joining MLex. She holds a master's degree in Applied Business Economics from the University of Asia and the Pacific.

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