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Pin to quick picksDfi Retail(ber) Share News (DFIB)

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2nd UPDATE:Leading Retailers Eye Carrefour SE Asia Assets-Sources

Tue, 06th Jul 2010 11:57

(Adding response from AEON.) By P.R. Venkat and Costas Paris Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Leading supermarket chains are interested in the assets of French hypermarket Carrefour SA (CA.FR) in Singapore, Thailand and Malaysia, two people with direct knowledge of the deal said Tuesday. "It's the big boys that are interested. Big C Supercenter PCL (BIGC.TH) and Tesco PLC (TSCO.LN) for the Thai assets; Tesco, Dairy Farm International Holdings Ltd.(D01.SG) and Japanese supermarkets for the Malaysia stores, and Tesco for Singapore," one of those people told Dow Jones Newswires. A second person said if a single buyer emerges for all three countries "the deal will probably be wrapped up this year. If not, it could take a bit longer." A third person said Monday that Carrefour was in the early stages of selling its stores in Thailand, Singapore and Malaysia and that if the sale goes through it could fetch the French retail giant up to US$1 billion. Carrefour, Tesco and Dairy Farm all declined to comment. Big C didn't immediately respond for comment. A spokesman for Japanese supermarket AEON Co. Ltd (8267.TO)--which has bought the Japan assets of Carrefour--said he hasn't heard about any deal and had no further comment to make. An official from AEON's Malaysia unit declined to comment. Carrefour Chief Executive Lars Olofsson in May said he was open to offers for the company's operations in markets where it isn't in the top two. Analysts have cited Thailand, Malaysia and Singapore as likely candidates. Under Olofsson's direction, Carrefour has focused efforts on its key European markets of France, Spain, Italy and Belgium, where weak consumption is hurting business. France alone accounts for nearly half of the company's annual revenue. -By P.R. Venkat and Costas Paris, Dow Jones Newswires; 65 6415 4151; costas.paris@dowjones.com (Kenneth Maxwell and Jamie Miyazaki in Tokyo, Lee Kwan-Por in Kuala Lumpur, Phisanu Phromchanya in Bangkok, Kazuhiro Shimamura in Tokyo and Simon Zekaria in London contributed to this article.) (END) Dow Jones Newswires July 06, 2010 06:57 ET (10:57 GMT)
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10 Aug 2016 12:49

Dairy Farm splashes $190m on shares in China's Yonghui Superstores

(ShareCast News) - Dairy Farm International confirmed it has invested a further $190m in Yonghui Superstores in order to keep its share of the Chinese supermarket chain as it completed a new round of fundraising. London-listed and Bermuda-registered Dairy Farm bought 287m shares to maintain its stak

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29 Jul 2010 10:17

Dairy Farm International 1H Pretax Profit $222.8M On Sales Of $3.79B

LONDON (Dow Jones)--Dairy Farm International Holdings Ltd (DFI.LN) said Thursday that for the six months ended June 30, it made a pretax profit of $222.8 million on sales of $3.79 billion. MAIN FACTS: -Based on current market conditions, Dairy Farm is expected to continue to trade well in th

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6 Jul 2010 12:09

3rd UPDATE: Leading Retailers Eye Carrefour SE Asia Assets - Sources

By P.R. Venkat and Costas Paris Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Leading supermarket chains are interested in the assets of French hypermarket Carrefour SA (CA.FR) in Singapore, Thailand and Malaysia, two people with direct knowledge of the deal said Tuesday. "It's the big b

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6 Jul 2010 09:13

UPDATE:Leading Retailers Eye Carrefour SE Asia Assets-Sources

(Updates adding response from Tesco.) By P.R. Venkat and Costas Paris Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Leading supermarket chains are interested in the assets of French hypermarket Carrefour SA (CA.FR) in Singapore, Thailand and Malaysia, two people with direct knowledge of

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6 Jul 2010 07:52

UPDATE: Tesco, Big C, Dairy Farm, Japanese Supermarkets Keen On Carrefour SE Asia Assets -Sources

(Adds background on Carrefour's European focus) By P.R. Venkat and Costas Paris Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Leading supermarket chains are interested in the assets of French hypermarket Carrefour SA (CA.FR) in Singapore, Thailand and Malaysia, two people with direct kno

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6 Jul 2010 06:45

Tesco, Big C, Dairy Farm, Japanese Supermarkets Keen On Carrefour SE Asia Assets -Sources

By P.R. Venkat and Costas Paris Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Leading supermarket chains are interested in the assets of French hypermarket Carrefour SA (CA.FR) in Singapore, Thailand and Malaysia, two people with direct knowledge of the deal said Tuesday. "It's the big b

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18 Jun 2010 10:14

Dairy Farm Intl Names Alec Tong Group Finance Director

LONDON (Dow Jones)--Dairy Farm International Holdings Limited (DFI.LN), an operator of supermarkets, hypermarkets, health and beauty, convenience and home furnishings stores, announced Friday the appointment of Alec Tong as Group Finance Director with effect from September 1, upon the retirement of

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