French retail giant Carrefour has taken rivals Tesco and Japan's Aeon out of the running for its South East Asian stores, the Wall Street Journal reported on Sunday.
Carrefour cut several companies from bidding for its assets in Singapore, Thailand and Malaysia because they had put in low prices, the Journal said.
But France's Casino and Thai-owned firms Big C, Central Group and PTT among others have gone through to the next round of bidding, set for November, according to the report.
Carrefour hopes to raise US$1bn from the sale of its South East Asian assets.
No comments yet