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Monday, November 15, 2010

CASINO SET TO BUY 40 SUPERMARKETS IN THILAND



Casino Guichard Perrachon SA, the French retailer, may have beaten Tesco Plc in its bid to buy 40 supermarkets in Thailand from Carrefour SA, the Financial Times reported, without saying where it got the information.
The purchase, which will cost Casino Guichard more than 700 million euros ($957 million), comes after an auction of a package of Carrefour stores in Thailand, Malaysia and Singapore, the FT said. Around six bidders, including Tesco, Casino, Dairy Farm International Holdings Ltd. and Aeon Co., submitted second round bids for all or part of the assets last week, the FT said.
The auction for the 19 Malaysian stores and two Singapore stores is continuing, the FT said.
To contact the reporter responsible for this story: Blanche Gatt in London atbgatt@bloomberg.net
To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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