7th Oct 2014 05:45
LONDON (Alliance News) - Private equity group TPG has emerged among a group of potential suitors considering a bid for the marketing group behind Tesco's Clubcard loyalty scheme, Sky News reported Tuesday.
The buyout firm is understood to have made an approach to Tesco PLC over acquiring Dunhumby, a wholly-owned subsidiary of the supermarket group, in a deal that would be worth over GBP2 billion, Sky News said.
Tesco is believed to be considering its ownership of Dunhumby amid a wider review of its business being overseen by new Chief Executive Dave Lewis.
http://news.sky.com/story/1348474/tpg-eyes-2bn-bid-for-tesco-clubcard-arm
By Sam Unsted; [email protected]; @SamUAtAlliance
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