Limit set for CP to appeal deal ruling

The Charoen Pokphand (CP) Group can challenge the Trade Competition Commission’s (TCC) decision on the Tesco acquisition deal via the Administrative Court within 60 days, the commission said.

The TCC ruled by majority in favour of the transaction, but imposed certain conditions, including a three-year ban on additional acquisitions in the same sector to prevent market dominance by CP Group.

Sakon Varunyuwatana, TCC chairman, said CP Group representatives received the TCC document, which contained the decision, on Monday, adding the group can file a petition with the court if it disagrees with its contents.

Mr Sakon said individual rulings on the deal by TCC members are expected to be made public in two weeks.

Santichai Santawanpas, a…