By Vinicy Chan, Manuel Baigorri, and Elffie Chew https://www.bloomberg.com/asia
- Central, CP Group are among companies weighing potential bids
- TCC has also expressed interest in bidding for the operations
Tuk Tuk drivers wait for customers outside a Tesco-Lotus supermarket in Bangkok Photographer: Mladen Antonov/AFP via Getty Images
Tesco Plc. are on the shopping lists of Thai tycoons.Charoen Pokphand Group and Central Group, controlled by Chirathivat family, are among companies that are weighing bids for the Southeast Asian business that could fetch more than $7 billion, according to people with knowledge of the matter.
CP Group and Central Group are holding discussions with financial advisers preparing for separate bids, said the people, who asked not to be identified as the information is private. TCC Group, controlled by Thai billionaire Charoen Sirivadhanabhakdi, has also expressed interest, the people said.
Tesco saidwebsite. In Malaysia, Tesco has over 70 shops, according to its annual report. Malaysian conglomerate Sime Darby Bhd owns a 30% stake in Tesco Malaysia.
Berli Jucker Pcl, controlled by TCC, bought a controlling stake in Casino Guichard-Perrachon SA
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