Thai BJC to seek $6.2 bln loan for Big C purchase; shares drop
Thailand’s Berli Jucker PCL (BJC) said it would seek a short term loan and may consider an equity issue to fund a planned $6.2 billion acquisition of hypermarket operator Big C Supercenter PCL , sending its shares down 5 percent.
Berli, controlled by Thai tycoon Charoen Sirivadhananbhakdi’s TCC Group, said on 12 February it would seek a short term loan of up to 220 billion baht ($6.2 billion) and may later aim to repay some of the debt with funds raised from an equity offering.
