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Tesco Creates Short List Of Bidders For South Korea Business

July 2, 2015: 12:00 AM EST
Private equity firms Carlyle Group and MBK Partners are included in the short list of bidders for Tesco PLC's retail business in South Korea. Valued at $6 billion, the deal could become the biggest ever private equity buy in Asia. Tesco's plan to sell its South Korean unit is part of the company's efforts to reduce debt and finance a turnaround plan at its home market, the UK.
Joyce Lee, Denny Thomas and Elzio Barreto, "UPDATE 1-Carlyle, MBK on bidders' shortlist for Tesco S.Korea unit-sources", Reuters, July 02, 2015, © Thomson Reuters
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