ASIA: Carrefour bids expected by Wednesday
European and Asian retailers are expected to submit bids for Carrefour's Asian assets, with first round offers due on Wednesday, according to reports.
Reuters reported that Casino and Diary Farm were among the companies expected to submit bids on the some US$1bn worth of assets.
Other parties rumoured to be interested in the sale include Tesco, Berli Jucker and Thailand's biggest energy company PTT.
The news follows months of speculation over the retailer's plans in Thailand, Malaysia and Singapore.
Aside from the soundbites from the CAGNY investment conference in Florida this week, the last five days have been rounded out with results from Wal-Mart Stores, Kerry Group and Safeway Inc....
Brazilian retailer CBD has recorded an increase in 2010 net income on the back of increasing sales....
Canadian retailer Loblaw has appointed Carrefour executive Vicente Trius to succeed Allan Leighton as president of the business....
Carrefour, the world's second-largest retailer, has opened its first Carrefour Express store in Colombia....
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