Tesco-CP Group Deal Gets Thai Antitrust Agency’s Conditional Nod

British retailer Tesco and CP Group get Thai antitrust agency’s approval to move forward with sale of U.K. firm’s domestic unit with certain conditions, according to the Office of Trade Competition Commission’s statement.

• The OTCC said CP Group’s acquisition of Tesco’s businesses in Thailand would result in increased market power and significantly lower competition but won’t be a monopoly, thus deal would not cause damage to the economy nor general consumers
• Conditions for the acquisition include:
• The two companies are prohibited from merging with other wholesale or retail business operators in Thailand for three years
  • E-commerce is excluded
• CP Group ...