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Opinion

Thailand's family conglomerates have a stranglehold over food retail

CP Group's deal for Tesco Lotus does not spell good news for consumers

| Thailand
Tesco Lotus will strengthen CP Group's strategic supply chain.   © Reuters

When the U.K.'s largest supermarket chain, Tesco, announced that it was selling its Thai and Malaysian stores to Charoen Pokphand Group, a gigantic Thai family conglomerate, for $10.6 billion, it was the biggest deal in Asia this year so far.

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