Mergers & Acquisitions Mergers & Acquisitions

CP-Tesco merger deal may not yet be in the clear despite Thai approval

By Jet Damazo-Santos
  • 09 Nov 2020 21:51
  • 09 Nov 2020 21:51
Charoen Pokphand’s $10.6 billion takeover of Tesco’s Southeast Asian businesses is not a done deal yet, despite receiving conditional clearance from Thailand’s antitrust regulator in a decision that appears to be dividing the antitrust community. 

The conglomerate’s retail unit is “in the process of considering and reviewing” the seven conditions attached to the

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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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