Tesco buyback a wish come true for CP Group's 80-year-old tycoon

Thai conglomerate's Dhanin regains his 'child' after 17 years in pursuit of retail dominance

CP Group this week reached an agreement with British grocery chain Tesco to purchase its businesses in Thailand and Malaysia for $10.57 billion, one of Asia's biggest deals this year. (Nikkei montage)

MASAYUKI YUDA and MARIMI KISHIMOTO, Nikkei staff writers

March 13, 2020 14:52 JST

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.