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Carrefour Said to Seek Buyers for Three Southeast Asia Units
by sashwa Tuesday 06-Jul-2010
By Cathy Chan

Carrefour SA, the world’s second- biggest retailer, plans to exit Singapore, Malaysia and Thailand, and is seeking offers for its operations in the Southeast Asian countries, said four people familiar with the matter.

Carrefour has approached potential buyers and may ask for bids by early September, said two of the people, who declined to be identified because the sale process isn’t public. The combined operations may fetch $800 million to $1 billion, they said. Florence Baranes-Cohen, spokeswoman for Paris-based Carrefour, declined to comment.

Continues here: »www.businessweek.com/news/2010-0···ts.html

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