Private-equity firms linked to Turkish discount retailer A101 have remained coy on suggestions that they plan to submit bids for the chain next week.

According to a Reuters report on Wednesay (3 August), TPG, The Capital Group, Permira and Mid Europa Partners could be among the suitors for A101.

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An unnamed source said that A101 was expected to sell for between TRY800m (US$460.9m) and TRY1bn.

“After the pre-selection, the final bidders will be shortlisted,” the source told Reuters.

A101 was established in 2008 and the company is targeting some 2,000 stores by 2015.

Officials at The Capital Group and Mid Europa Partners declined to comment, while TPG and Permira did not respond to requests for comment as this article went to press.

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