South Korea-based Lotte Shopping and private-equity chain Carlyle have reportedly tabled bids for Indonesia retail chain Hypermart.

Sources told Reuters today (2 November) that Lotte and Carlyle are among at least three bidders for the chain of 38 stores.

Hypermart, which has been valued at around US$1bn, is owned by Indonesian conglomerate Mutahari Putra Prima.

Officials at Lotte could not be reached for comment as just-food went to press, while an official for Carlyle could not immediately comment.