Central Group to close £4bn deal for Selfridges in days

Thailand’s largest department store owner, Central Group, is just days away from closing a £4 billion(180 billion baht) acquisition of Selfridges stores in the United Kingdom, two sources familiar with the matter told Reuters.

An official announcement could be made as early as Thursday, the sources said.

The current owners of Selfridges, Canada’s Weston family, agreed terms with Central around the end of November, according to a report in The Times newspaper on Dec 2.

The Thai group’s main department store unit, Central Retail Corp Pcl, would have the right to take a partial stake in Selfridges but was still considering, one of the sources added.

Central Group did not respond to a…