French retailer Casino has reportedly hired Deutsche Bank to advise on a potential bid for Carrefour’s Malaysia, Singapore and Thailand assets.

Reuters today (30 July) reported unnamed sources that said Casino is “serious about” bidding for the Carrefour business.

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There has been ongoing speculation that Carrefour has put its southeastern Asian assets up for sale at a potential price of US$1bn.

However, Carrefour recently denied that it was planning to sell either its Singapore or Malaysia operations.

Casino could not be reached for comment at the time of publication

 

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