Central Food Retail to acquire Aeon (Thailand)

Central Food Retail (CFR) has agreed to get mean shares successful Aeon (Thailand), the Thai supermarket limb of Japan's Aeon Group.

The part runs a 30-store supermarket concatenation nether the MaxValu marque and has operated successful Thailand since 1984, erstwhile Aeon established its forerunner, Siam Jusco.

Following completion, each Aeon (Thailand) outlets volition beryllium renamed nether the Tops marque and folded into CFR's existing store network.

Aeon (Thailand) has registered superior of Bt890m ($26.9m), with each stock carrying a par worth of Bt100.

Once the woody closes, CFR volition ain the full registered capital, and Aeon (Thailand) volition manus implicit its concern operations and unit to CFR's genitor institution Central Retail.

In addition, Central Retail intends to concern the acquisition done its ain currency flow.

The institution said the acquisition would adhd much than 900,000 customers and broaden its supermarket footprint into caller strategical locations.

The transaction volition besides see onshore assets and a ready-to-eat processing centre, which the institution said would boost its accumulation capabilities for ready-to-eat nutrient products.

Completion is contingent connected gathering each conditions precedent laid retired successful the agreement.

Central Retail stated that the transaction is not a connected transaction and stays beneath the threshold that would trigger further requirements nether the Capital Market Supervisory Board's notification connected worldly transactions.

However, the institution confirmed it is inactive required to pass the Stock Exchange of Thailand, arsenic mandated by rules connected subsidiary acquisitions, since the woody volition crook Aeon (Thailand) into a subsidiary of the listed company.

According to a translated mentation of the property statement, nether its FY26–FY30 radical medium-term absorption plan, Aeon said it is moving to allocate absorption resources to precedence concern areas portion improving group-wide profitability and superior efficiency.

The institution identifies its ASEAN operations arsenic a aboriginal maturation driver, naming Vietnam its apical precedence for gathering a multi-format concern presence.

In Thailand, Aeon said its absorption volition beryllium connected strengthening net done its finance, entertainment, and wellness and wellness divisions.

As of 31 March 2026, Central Retail ran 3,649 stores and income counters spanning 63 provinces successful Thailand, positive 128 stores crossed 26 provinces successful Vietnam.

"Central Food Retail to get Aeon (Thailand)" was primitively created and published by Retail Insight Network, a GlobalData owned brand.