British retailer Tesco is set to assess bids by Thai billionaires for its Asian ...
) is set to assess bids by Thai billionaires for its Asian business on Sunday, a potential deal which could be worth just over $10 billion, four banking sources with knowledge of the matter said.
A final decision by Tesco could mark the end of a three-way tussle for control of the company’s Thai operations, which comprise some 2,000 stores, said the sources, who declined to be identified as the information is confidential. Sources have said Tesco is also selling 74 outlets in Malaysia. Three sources said bidders were given until Sunday to come up with any last-minute revisions to their bids.
Britain’s biggest retailer said in December it started a review of its Asian operations, made up mainly of the Thai and Malaysian operations, after receiving interest.
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