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Sunday, May 5, 2024

Consumer groups sue Trade Competition Commission for approving CP-Tesco merger

Thailand’s Trade Competition Commission has been served with a lawsuit courtesy of the Foundation for Consumers and 37 other consumer groups, as a result of a merger between the conglomerate Charoen Pokphand Group and Lotus (formerly Tesco Lotus). “The Charoen Pokphand Group is a Thai conglomerate based in Bangkok. It is Thailand’s largest private company and one of the world’s largest conglomerates. The company describes itself as having 8 business lines, covering 13 business groups. As of 2020, the group has investments in 21 countries.” – Wikipedia The decision by the TCC to give the merger the go-ahead has angered […]

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