KUALA LUMPUR, March 4 -- Thailand's CP Axtra Public Company Ltd has agreed to acquire The Food Purveyor, the Malaysian operator of Village Grocer and Ben's Independent Grocer, in a deal valued at RM1.7 billion.

The Edge reported that CP Axtra disclosed the proposed acquisition in a filing to the Thai Stock Exchange.

The company said the transaction, which also covers BSC Fine Foods, Pasaraya OTK and The Food Merchant, is expected to be completed in the fourth quarter of 2026.

"However, the parties are in the process of fulfilling the conditions precedent as specified in the share sale and purchase agreement, including obtaining approvals from the relevant regulatory authorities," said CP Axtra.

CP Axtra said the parties are still work...