The art of the merger - News Summed Up

The art of the merger


Airasia Digital, which is AirAsia Group's digital arm, consists of airasia Super App, Teleport, a logistics venture, and BigPay, a fintech company. AirAsia Group wanted to venture into digital business by developing its own super app even before the pandemic. CP SPREADING ITS WINGSDespite widespread Covid-19 outbreaks, CP Group, the country's biggest agribusiness conglomerate, has been aggressive pursuing mergers and acquisitions in recent years. The purchase of Lotus last year marked the return of the grocery and hypermarket chain to CP Group, which originally established Lotus as Lotus Supercenter in 1994. In the aftermath of the Asian financial crisis, CP Group was forced to sell the retailer to Tesco in 1998.


Source: Bangkok Post December 29, 2021 01:19 UTC



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