The billion-dollar
acquisitions of Thai billionaires have brought Thailand to become a formidable
force in M&A activities in Vietnam and Asia.
Big C Vietnam has fallen into the hands of
billionaire Tos Chirathivat – the boss of Central Group (Thailand) from Casino
Group (France) for 1.05 billion USD. In 2015, this group also spent about 100
million USD to acquire Nguyen Kim – the leading retailer in the electronics
market. Recently, the Group also spent 10 million USD to acquire the business
segments in Thailand and Vietnam of Zalora (belongs to Global Fashion Group of
Rocket Internet Corporation).
Previously, billionaire Charoen
Sirivadhanabhakdi – owner of TCC Holdings (Thailand) spent 655 million Euros to
buy 19 centers and relating real estates of Metro Cash & Cary
Vietnam. Also, Berli Jucker (BJC), a subsidiary of TCC Holdings also acquired
Family Mart Vietnam. Especially, along with the acquisition of Metro Cash &
Carry Vietnam, billionaire Charoen Sirivadhanabhakdi also through the Singapore
Beverage Group – Fraser & Neave (F&N) became the 2nd largest shareholder in Vinamilk with 11.04% share.
Currently, Thaibev which also belongs to this billionaire is racing to buy 40%
share in Saigon beer (Sabeco), with a value of 1 billion USD.
In fact, the trend that Thai businesses
acquired businesses outside their national borders
is not new. In 2012, Siam Cement Group (SCG) of Thailand signed an agreement to
buy 85% share in Prime Group JSC (Vietnam) at the price of 7.2 billion Baht
(nearly 5,000 billion VND). This is also the biggest M&A deal in the field
of building materials in Vietnam so far.
In the plastic industry, currently, SCG has
invested in more than 20 Vietnam plastic enterprises. Particularly, the most
significant investment is to buy 80%
share in Tin Thanh Plastic Company, a top enterprise in the field of plastic
packaging of Vietnam. SCG also holds large shares in 4 companies specialized in
manufacturing plastic household – packaging in Vietnam, which are Vietnam –
Thai Plastchem Joint Venture, TPC Vina Plastic and Chemical, Minh Thai and
Chemtech Plastic Materials.
Currently, SCG is also the 2nd largest shareholder in Tien Phong Plastics and Binh Minh
Plastics, just after State Capital Investment Corporation (SCIC). Moreover,
SCIC planned to divest from this two plastics companies. This will create
opportunities for Nawaplastic Industries to increase its shares in Tien Phong
Plastics and Binh Minh Plastics. SCG continues to seek opportunities to invest
in Vietnam’s plastic industry.
Most recently, the Ton Poh Thailand Fund has
spent 130 billion VND to buy 5.9 million shares of Hoang Huy Investment –
Service Company, equivalent to 5.32% of the charter capital of the company. In
addition to Hoang Huy, Ton Poh Thailand Fund also owns nearly 6% share of Cotec
Construction Company.
An open economic space will create significant
opportunities for investment flows. The formation of the ASEAN Economic
Community (AEC) and the Trans-Pacific Partnership Agreement (TPP), which
expected to take effect from 2018, is the impetus for investment flows into the country in this
area. The race has just begun for the countries, investors and Thailand
businesses seem to hold this game.
The billion-dollar acquisitions of ambitious
billionaires brought Thailand to become a powerful force in M&A activity in
Asia. According to experts, the deal with the presence of Thai companies in theM&A market in Asia has increased rapidly, just behind China, Korea and
India.
In particular, the market of more than 600
million people of AEC is considered as a more stable market than most emerging markets in the world.
The growth opportunities for businesses here will be very attractive,
regardless of Thailand, Vietnam enterprises or from other economies.
To sum up, according to economic analysts, the
increase of M&A activities will be the obvious result due to the free trade
between the countries in goods, services and human resources.
ANT Consulting is here to assist you from the
outset; providing corporate intelligence, risk advisory, management consulting services
that assist market entrance, and ensure efficient business start-up
operation. Our services are as following:
We strive to save your cost by guiding you
towards economical solutions that comply with local legislation and procedures.
We support you through early logistic solutions and carry you through as your business grows. We aim to bridge the gap
between international best practices and local cultures and assist foreign
companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at
email: ant@antconsult.vn or
tel: +848 3520 2779 . To learn more about us, please visit
www.antconsult.vn
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