MWG and TAG opened doors for further M&A - News Summed Up

Trending Today

MWG and TAG opened doors for further M&A

MWG and TAG opened doors for further M&AAcquiring Tran Anh (TAG) is expected create additional diversity in the operations of Mobile World Group (MWG), while the M&A deal between the two largest local electronic retailers also opens expectations for further M&A deals among competitors in the sector. This is the second breakthrough of Kien as well as the Board of Directors of TAG after the decision to change the operation model of TAG from computer to electronics retail. With this expectation, TAG decided to change its operation model from computer to electronics retail, paving the road to its success today. However, instead of selecting Nojima Corporation, TAG’s foreign partner with a 30.9 per cent stake, TAG selected MWG, its heavyweight competitor in the electronics retail sector. Notably, after merging the electronic retail arms of the two sides, the new electronic retail network will make up more than 30 per cent of the Vietnamese electronic retail market share.

Source: VietNamNet News January 12, 2018 06:11 UTC