BANGKOK -- Thailand's largest conglomerate, Charoen Pokphand Group, will be taking back into its fold a cherished domestic retail unit if its purchase of British grocer Tesco's Thai and Malaysian operations is approved later this year.
CP Group is set to buy Tesco Lotus, which runs 1,967 Thai stores, and Tesco Malaysia, the operator of 68 shops, through the conglomerate's convenience store arm CP All and three other units for $10.57 billion.
