Km. Commercial Bank invites CP-Tesco to clarify this December 16

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Trade boards prepare to disseminate the decision of CP and Lotus deals Later this week The CP still accepts or does not accept the order of the KKU while the KMUTN commercial Council of Representatives Prepare to invite CP-Tesco to clarify this December 16

Mr. Sakon Woranyuwatana, Chairman of the Trade Competition Commission (KK) Revealed that the Trade Competition Commissioner is now writing a personal decision on allowing the Charoen Pokphand Group Or CP Group merged with Ek-Chai Distribution System Company Limited, a retail business operator under the Tesco Lotus trademark In Thailand Which he was instructed to complete as soon as possible Because now society is paying a lot of attention, especially the reason for the director’s permission and the merger is not allowed. In this regard, the writing of the decision does not have regulations or procedures set Including methods for disseminating the decision Which the old Act did not write about this matter But the new commercial competition act requires the committee all to write the decision and make it public. And did not set a timeframe for how many days must be completed By this, the office has never done this before. Therefore, the operation must be done carefully so as not to break the law.

Mr Sakon said that as for the implementation of the orders of the Board of Directors in the merger, the CP Group has not yet filed a dispute against the order and conditions. 7 Articles according to the resolution of the ABC to allow mergers and acquisitions Which is still in the period 60 Days according to the Commercial Competition Act Which if accepting the order, then follow the conditions 7 Article of ABC.

News reports from the Competition Commissioner (ABC) informed that the progress of the publication of the personal decision of the ABC At this time, the committee has hastened to write a personal decision. It is in the process of reviewing the information.End of next weekRemain and the decision can be published

Miss Sirikanya Tansakul Chairman of the CommissionEconomic development (Km.) Government Representative Council Said now know that way Km. Commerce and Intellectual Property Council of Representatives In which Mr. Anwar Sa and the Chairman of KMUTT issued a letter inviting representatives of CP Group and Tesco Lotus to clarify the merger in the KMT meeting. 16 This Dec. After the Economic Development Commission invited the Secretary-General of the Competition Commission to provide information on merger permits. Which the KMUTT will not make another invitation letter because it will be redundant But after KMUTT has completed the meeting, the minutes of the meeting will be requested for consideration. In this regard, KMUT has set up a working group to monitor the impact of this merger.

In addition, the KM Bank agreed that the Competition Act should be revised. Because there are many flaws As well as recruiting committees, trade competition committees with only government officials Representative of the Thai Chamber of Commerce Council of Industry But there is no representative of the SME Consumer Protection Department, who should see that there should be a third party as a member of the Nomination Committee. The rulings must be revised by allowing the public to express their opinions and affect the order of the Competition Commission. Which has an example in Singapore thatGrab with Uber Until resulting in the change of the merger order

Including the amendment of the period for consideration of the merger as prescribed by the law at 90 The day of the KMUTT saw that it was not enough time for consideration. Especially in the case of mergers and acquisitions worth several hundred billion baht Should be adjusted to 180 The date and definition of market power must be revised to be more clear.

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