View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 2, 2010

INDONESIA: Lotte, Carlyle “table bids” for Hypermart chain

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

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.

Related Companies

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food