Big C Supercenter Plc has picked Bank of America and UBS Group to advise on an initial public offering expected to be worth at least 30 billion baht, according to people with knowledge of the matter.
Big C Supercenter Plc, which runs supermarkets and convenience stores in Southeast Asia, is considering going public again in Bangkok through an initial public offering that could raise more than $500 million, according to people familiar with the matter.
Modern retail operators are building their own local grocery formats across the country, aiming to take a bite out of the estimated market value of 1.62 trillion baht for Thailand's traditional trade industry.
Aswin Techajareonvikul, chief executive and president of Berli Jucker Plc (BJC), represented Southeast Asia as a business leader at the 7th Belt and Road Summit.
Big C Supercenter Plc, a leading retail operator in Thailand, has acquired Kiwi Mart a convenience store chain in Cambodia via its Cambodian subsidiary to strengthen its retail business in the neighbouring country.