Mergers & Acquisitions Mergers & Acquisitions

CP, Tesco merger approval is against the competition law, consumer group's lawsuit says

By Jet Damazo-Santos
  • 12 Apr 2021 22:21
  • 12 Apr 2021 22:21
When Saree Aongsomwang and her team at the Foundation for Consumers in Thailand learned last year that the Charoen Pokphand Group was going to acquire Tesco’s local operations, they immediately thought the country’s antitrust regulator wouldn’t allow such a deal to proceed. 

“Because CP already had about 69 percent [of the modern trade

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