Casino Exits Thailand as Big C Rises 2,200% Since 1999: Chart

Casino Guichard-Perrachon SA’s major Thai foray began in early 1999 with its $162 million takeover of Big C Supercenter Pcl from a local group struggling amid the Asian financial crisis. The French retailer, which doubled down in 2011 with a $1.2 billion purchase of Carrefour SA’s Thai unit, is now selling its operations for $3.5 billion to the country’s richest man, Charoen Sirivadhanabhakdi. Big C shares have gained more than 2,200 percent since the initial Casino investment, far outpacing its parent’s performance and beating its biggest local rival, CP All Pcl, which debuted in 2003.

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