Thailand Berli Jucker to acquire MM Mega Market Vietnam in THB22.5 bln deal
VOV.VN - Thai conglomerate Berli Jucker Pcl (BJC) plans to spend about THB22.5 billion (more than US$700 million) on a deal to acquire full ownership of MM Mega Market Vietnam, strengthening its presence in one of Southeast Asia’s fastest-growing consumer markets.
In a filing to the Stock Exchange of Thailand, BJC said the acquisition will be carried out through its subsidiary C-Distribution Asia Pte. Ltd. (CDA), which will buy 100% of TCC Land International (Singapore) (TCCLI) from related party Golden Land International.
TCCLI is the sole owner of MM Mega Market Vietnam, a wholesale retailer operating 30 outlets nationwide and serving mainly professional customers such as hotels, restaurants and catering businesses.
Upon completion, TCCLI and MM Mega Market Vietnam will become wholly owned subsidiaries of BJC. The transaction is expected to be finalised in the second quarter of 2026, subject to approval by BJC’s extraordinary general meeting and regulatory clearances, including competition approval in Vietnam.
BJC said the deal is a strategic move to expand its footprint in Vietnam and to establish a fully integrated distribution network spanning wholesale, retail and online channels, enhancing supply chain control and long-term competitiveness.
Financial disclosures show that MM Mega Market Vietnam maintains a stable business foundation. In 2024, the company reported revenue of approximately THB17.8 billion and net profit of THB442 million.
BJC expected the integration to generate synergies in procurement, logistics and supply chain management, not only in Vietnam but also across Thailand, Laos and Cambodia.
TCC Group launches MM Mega Market Thang Long to boost northern business
TCC Group (Thailand) unveiled on December 13 its MM Mega Market Thang Long in Hanoi, marking the next step in transforming Metro Cash & Carry Vietnam (Metro Vietnam) to MM Mega Market Vietnam as announced earlier this year.
