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.

“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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.