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Casino announces the closing of the sale of Big C Vietnam to Central Group, for an enterprise value of €1 billion, implying 2015 multiples of 1.8x net sales, 20.4x EBITDA and 34.4x EBIT.
The proceeds to be received by the Group will amount to €920 million.
Central Group is one of the main family-owned conglomerates in Thailand with interests in real estate, department stores, retailing, hospitality and restaurants.
Casino Group has made significant investments for more than 18 years to develop its subsidiary Big C in Vietnam and to create a leading food retailer in Vietnam. Big C Vietnam consists of a network of 43 stores and 30 shopping malls and has achieved in 2015 a turnover excluding taxes €586 million.
Big C Vietnam has built strong relationships with its Vietnamese suppliers and farmers, its customers, its employees and the local authorities and communities, which allowed the development of modern retail in the country.
Central Group in partnership with Vietnamese group Nguyen Kim will continue the strategy of Big C Vietnam notably regarding sourcing of goods produced in Vietnam for Big C stores.
Casino will continue its sourcing activity of Vietnamese food products distributed in France, Brazil and Colombia.
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After the disposal of its subsidiaries Big C Thailand and Big C Vietnam, the deleveraging plan of the Group reaches €4.2 billion.
Welcome to Black Bear Casino Resort
CASINO HOLIDAY HOURS
Open 24 hours/day from December 31st through January 3rd.
Big Casino Wins
Otherwise open normal hours: 8 am - 2 am.
Click below for your Online Rewards!
Bear Mail Hotel offers are now accepted at Royal Pines Inn and First American Hotel & Suites!
Brgas Big D Casino Zappos
After the disposal of its subsidiaries Big C Thailand and Big C Vietnam, the deleveraging plan of the Group reaches €4.2 billion.
Welcome to Black Bear Casino Resort
CASINO HOLIDAY HOURS
Open 24 hours/day from December 31st through January 3rd.
Big Casino Wins
Otherwise open normal hours: 8 am - 2 am.
Click below for your Online Rewards!
Bear Mail Hotel offers are now accepted at Royal Pines Inn and First American Hotel & Suites!
Brgas Big D Casino Zappos
Big D Casino
div'>'It's fun we stayed in the tower and that was really nice, our room was nice as well. The Players Club staff is very nice. The buffet is great, we love coming!' - Joanne J.
'I really like the staff they are really accommodating. We love to stay in the hotel and the crab buffet is great! We enjoy the variety of games in the casino and of course I love the car I won in 2017! I won the Toyota! We appreciate all the updates on Facebook for upcoming events and promotions; they do a great job of updating on Facebook.' - Mary J.
'I like that it's a very clean casino and we like the size of it. The buffet is great we love it. The atmosphere is great! We enjoy winning jackpots! I love winning here!' - Roberta J.
'Fun and large place to get the family together and have a good time; and eat really good food. We love exploring the hotel and taking a dip in the pool. It's a nice getaway that's close to home and we love that golf is an option.' - Kathleen R.