Carrefour “shortens bidder list”

Posted by Josette Dunn on 13th September 2010

Carrefour has reportedly dropped Tesco and Aeon from the bidding for its businesses in three south-east Asian markets.According to the Wall Street Journal, the remaining bidders reportedly include Carrefour’s French peer Casino and PTT PCL, an energy company that has convenience stores at its gas stations.

Other bidders are Thai retailers Big C, which Casino part owns and Central Group, as well as Thai FMCG firm Berli Jucker Pcl.

While Carrefour has remained tight-lipped on its plans, it reportedly put its stores in Malaysia, Singapore and Thailand up for sale in July, in a disposal that could raise US$1bn for the French retailer.

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