Retailers continue to vie for Carrefour's Asian assets

10/27/2010 | Reuters · Reuters

Carrefour is interested in selling its Southeast Asian assets, setting Nov. 5 as the deadline for the next round of bids. Japan's Aeon plans to bid for the stores in Singapore and Malaysia, but is not interested in acquiring Carrefour's Thai outlets. Navis Capital, a private equity fund in Malaysia, also plans to bid for the French firm's assets in Malaysia and Singapore, sources said. Meanwhile, Britain's Tesco and France's Casino remain in the running as well.

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