The first round of Carrefour’s auction of its south-east Asian assets had attracted a pack of more than 10 bidders last night.
The bidders included several large non-Asian retailers, in addition to Tesco, together with private equity firms and local retail chains in Singapore and Thailand, according to people with knowledge of the auction.
However, no bid had been received by last night from Walmart, the world’s biggest retailer, which has identified south-east Asia as a potential area for expansion.
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