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.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

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

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact