PTT plots bid for Carrefour assets

first_img Show Comments ▼ Share John Dunne Friday 20 August 2010 2:48 am More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULL PTT plots bid for Carrefour assets PTT, Thailand’s biggest energy company, said it plans to bid for French retailer Carrefour’s Thai assets, worth an estimated $600M (£386m), under a plan to diversify its businesses.Carrefour, Europe’s top retailer, wants to sell its Malaysia, Singapore and Thailand units at a potential price of $1BN to focus on core markets where it holds leading positions.In recent years, Carrefour has withdrawn from other Asian markets, including Japan and South Korea, to focus on growing markets such as China and India.“We are actually interested to see whether there’s an opportunity to link to our businesses,” Chief Financial Officer Tevin Vongvanich told Reuters.“We are studying the plan, but there are no further details or information on the timing at this point,” Tevin said.PTT joins an increasingly crowded field expected to bid for the assets in September.France’s Casino has hired Deutsche Bank and Royal Bank of Scotland Group to advise it on a potential bid for Carrefour’s Malaysia, Singapore and Thailand assets, two sources told Reuters in July.Leading Thai conglomerate Berli Jucker, owned by liquor tycoon Charoen Sirivadhanabhadi, expressed interest last month in bidding for Carrefour’s Southeast Asian operations.Singapore-listed Dairy Farm International, which owns Cold Storage and Giant superstores in Singapore and Malaysia, and Britain’s Tesco are also seen as potential bidders, sources said. Tesco and Dairy Farm have declined to comment.Casino owns 36 per cent of the Big C Supercentre chain, Thailand’s second-largest hypermarket operator by number of stores after British-owned Tesco Lotus. whatsapp whatsapplast_img