Nation Thailand
ASEAN expansion — BJC seals MM Mega Market Vietnam deal
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Berli Jucker Public Company Limited (BJC) has completed its acquisition of MM Mega Market Vietnam (MMVN), a modern retail and wholesale business in Vietnam, in a deal worth around 22.5 billion baht, marking a major step in the group’s push to build a stronger retail and wholesale platform across ASEAN.
Key facts
- The transaction strengthens BJC’s regional retail and wholesale ecosystem through a modern trade platform with a nationwide network of 31 branches in Vietnam
- TCC Land International holds 100% of MMVN, which operates wholesale and retail distribution for consumer goods across Vietnam.
- The closing of the deal follows BJC’s earlier move in February to seek shareholder approval for the acquisition of MM Mega Market Vietnam for about 22.5 billion baht
- The company said it has used part of the proceeds from the sale of several unused assets, worth more than 10 billion baht, to reduce debt linked to the acquisition
Summary
The transaction strengthens BJC’s regional retail and wholesale ecosystem through a modern trade platform with a nationwide network of 31 branches in Vietnam. The company sees the country as one of Southeast Asia’s most promising consumer markets, supported by continued economic expansion and rising domestic purchasing power.
Thapanee Techajareonvikul, chief executive officer and president of BJC, said Vietnam is one of the region’s highest-potential markets, given its economic outlook, demographic structure and the growth of modern trade.