ASIA: Big C, Tesco, Dairy Farm linked to Carrefour assets
By just-food.com | 6 July 2010
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Carrefour may be looking to sell some of its Asian operations |
Big C, Tesco and Dairy Farm International Holdings have been linked to Carrefour assets in Singapore, Thailand and Malaysia.
Carrefour, the world's second-largest retailer, is reported to be looking to sell its stores in the three Asian countries.
According to a report today (6 July) by Dow Jones Newswires, Big C Supercenter and Tesco are interested in Carrefour's Thai assets, while the UK retail giant is also said to be eyeing Carrefour's two stores in Singapore.
Dairy Farm, Japanese supermarket Aeon and Tesco are reported to be interested in Carrefour's stores in Malaysia.
A source told Dow Jones Newswires that, if a single buyer emerges for stores in all three countries, "the deal will probably be wrapped up this year. If not, it could take a bit longer".
Carrefour, Tesco and Dairy Farm refused to comment on the rumours. Big C and Aeon had not responded to queries at the time of writing.
Sectors: Emerging markets, Mergers & acquisitions, Retail
Companies: Carrefour, Tesco, Aeon
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ASIA: Big C, Tesco, Dairy Farm linked to Carrefour assets
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