ASIA: Tesco, Dairy Farm "table second bids for Carrefour assets"

By just-food.com | 8 November 2010

Carrefour has reportedly tabled second round bids for its Southeast Asian assets

Carrefour has reportedly tabled second round bids for its Southeast Asian assets

Tesco and Dairy Farm International Holdings are reportedly among those who submitted second-round bids for Carrefour's south-east Asian assets.

Carrefour set a 5 November deadline for second-round bids in an auction for stores in Malaysia, Singapore and Thailand. The auction is expected to raise US$1bn, according to Reuters reports.

According to the reports, Dairy Farm is only interested in the Malaysian and Singapore assets, while Tesco is pursuing most of the assets up for sale.

The auction is allegedly being run in two separate processes, one for the Thai assets and the other for the Malaysian and Singapore assets.

Japanese retailer Aeon and Malaysian private-equity fund Navis Capital are reportedly in the running to buy the Malaysian and Singapore assets.

Other bidders reportedly include Thai retailers Big C, which French retailer Casino part owns and Central Group, as well as Thai FMCG firm Berli Jucker Pcl.

Sectors: Emerging markets, Mergers & acquisitions, Retail

Companies: Carrefour, Tesco, Aeon, Casino

View next/previous articles

Currently reading -

ASIA: Tesco, Dairy Farm "table second bids for Carrefour assets"

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: Californian bill could accelerate Tesco exit - analyst

A Californian bill that may ban the sale of alcoholic beverages at self-service checkouts could accelerate Tesco's exit from the US, an analyst has said.

Editor's choice: the highlights on just-food this week

This week has been marked by some high profile acquisition plays with ConAgra Foods making its desire to acquire Ralcorp Holdings known and DuPont making its final offer for Danisco. Meanwhile, the UK recovered from the four-day hangover of the Royal Wedding and May bank holiday, a period, which retailer Morrisons said provided it with its two largest trading days of the year so far

Quote, unquote: just-food's week in words

This week has been marked by some high profile acquisition plays with ConAgra making its desire to acquire Ralcorp known, and Dupont made its final offer for Danisco. Meanwhile, the UK recovered from the four-day hangover of the Royal Wedding and May bank holiday, a period, which Morrisons said provided it with its two largest trading days of the year so far. Here's the best of what was said this week:

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page