Reuters
By Saeed Azhar and Wendy Mock
Sep 2, 2010
SINGAPORE/HONG KONG Sept 2 (Reuters) -A consortium led by a Malaysia-based private equity firm has joined a slate of bidders including French retailer Casino (CASP.PA) and Britain’s Tesco (TSCO.L), in bidding for some of Carrefour’s (CARR.PA) Southeast Asian assets, sources said.
Malaysia’s Navis Capital Partners has bid for Carrefour assets in Singapore and Malaysia, sources familiar with the deal told Reuters. Navis declined to comment on the deal.
Carrefour, Europe’s top retailer, is exiting Singapore, Malaysia and Thailand in a deal that could raise about $1 billion to focus on markets where it has a leading position, sources with knowledge of the matter have previously said. [FULL STORY]
