Saturday, December 3 2016

VietNamNews

Thăng Long GTC looks to acquire Vindemia SAS

Update: April, 11/2016 - 11:06

HÀ NỘI Viet Nam News -— Thăng Long GTC has officially asked to buy 65 per cent of Vindemia SAS - a France’s Casino Group subsidiary.

It is a joint venture registered as Big C Thăng Long International Trade and Supermarket Service Company.

Big C Thăng Long International Trade and Supermarket Service Company Limited is a joint venture company with two members, of which 35 per cent shares belongs to Thăng Long GTC, while the remaining are owned by the Casino Group.

Being the joint venture partner, Thăng Long GTC is the first Vietnamese business to make an active move in the competition to buy shares currently owned by the Casino Group. If the offer is accepted by Casino Group, Big C Thăng Long International Trade and Supermarket Service Company Limited will be a 100 per cent locally-funded retail business.

The Casino Group is expected to respond positively before the end of this month. After 18 years in Việt Nam, the brand “Big C” is considered a leading retailer with a chain of 32 supermarkets throughout the country. This includes five supermarkets now successfully operating in Hà Nội owned by Big C Thăng Long International Trade and Supermarket Service Company Limited. — VNS

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