Dive Summary:

• CP All, Thailand’s largest retail convenience store chain and the world’s 3rd largest operator of 7-11 stores is making a $6.6 billion offer to purchase cash-and-carry retailer Siam Makro.
• The takeover would be Asia’s largest of the year, and the largest ever for Thailand, surpassing a $5.5bn takeover of PTT Aromatics & Refining by PTT Chemical in 2011.
• The move highlights the steady growth in Thailand’s retail market and a continuing surge of mergers and acquisitions for Thailand, both domestic and international, according to sources.

From the article:

Siam Makro operates nearly 60 Makro cash-and-carry stores throughout Thailandand five Siam Frozen stores. The company reported revenue for 2012 of 112bn baht, a rise of 15 per cent from the previous year, while net profit rose 37 per cent to 3.6bn baht.