Central Retail buys 49% stake in FamilyMart Thailand from Japanese JV

CRC's subsidiary SFM Holding continues to control the 50.65% stake.

Central Retail Corporation (CRC) has agreed to acquire all shares in the company operating FamilyMart in Thailand, according to a bourse filing. The acquisition will allow CRC to manage the FamilyMart franchise completely.

The company's subsidiary Central Food Retail entered into an agreement to buy 5.76 million shares or a 49% stake in Central FamilyMart Co. from Japanese joint venture FamilyMart (JFM), which has a policy to divest its investments in Thailand.

CRC's subsidiary SFM Holding continues to control the 50.65% stake in the business, whilst 0.35% is held by department store operator Robinson.