Thailand's PTT says its retail unit not interested in bidding for Tesco's Asian business

Reuters reported on Wednesday that, according to sources, PTT’s retail unit was planning to participate in first-round bids due by Jan. 15 for the assets worth up to $9 billion.

Thailand’s largest retailer, Central Group, and agribusiness conglomerate Charoen Pokphand Group are also set to take part, the sources said. [nL4N29C162]Tesco, which has 1,967 stores in Thailand and 74 in Malaysia, said last month that it had begun a review of its Asian operations after receiving approaches for the businesses. [nL8N28J1G5]

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs shakes up business units ahead of quarterly resultsGoldman Sachs Group Inc has overhauled its main business units ahead of its quar...
Source: Reuters - 🏆 2. / 97 Read more »