Thailand’s biggest energy company PTT has said it is interested in bidding on Carrefour‘s Thai assets.

According to Reuters reports, the power company is looking to buy the operations, worth US$600m as part of plans to diversify its business.

Go deeper with GlobalData

Data Insights

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

“We are actually interested to see whether there’s an opportunity to link to our businesses,” CFO Tevin Vongvanich told Reuters.

Carrefour, the world’s second largest grocery retailer, is looking to sell its Malaysia, Singapore and Thailand units for a potential price of $1bn to focus on core markets where it holds leading positions.

Casino is also rumoured to be interested in the assets and has appointed Deutsche Bank to advise on a potential bid for the chain, while there have been murmurings that Tesco may also make a bid.

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 - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now