25th Jun 2015 05:55
LONDON (Alliance News) - Private equity houses Affinity Equity Partners, Carlyle Group and CVC Capital Partners are understood to be among the preliminary bidders for Tesco PLC's South Korean business, Reuters reports.
Reuters, citing a report in the Korea Economic Daily, said MBK Partners, Goldman Sachs Principal Investment Area, TPG and snack maker Orion Corp also are involved in the bidding.
The South Korean arm of the UK supermarket chain is expected to fetch around USD6 billion in the sale.
http://uk.reuters.com/article/2015/06/24/us-tesco-southkorea-sale-idUKKBN0P42UN20150624
By Sam Unsted; [email protected]; @SamUAtAlliance
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