Thai Billionaire Dhanin To Merge Retail Businesses In $215 Million Deal

CP Axtra —the retail arm of billionaire Dhanin Chearavanont and his family’s Charoen Pokphand Group—will merge with CP Group’s Ek-Chai Distribution as Thailand’s biggest conglomerate reorganizes its retail businesses to simplify the group’s structure and support future growth opportunities. Under the plan, CP Axtra will assume direct ownership of Ek-Chai Distribution, operator of Lotus’s Thailand

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