|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.24 - 19.24|
|52 Week Range||13.50 - 37.11|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SINGAPORE/BANGKOK, March 9 (Reuters) - Charoen Pokphand (CP) Group said on Tuesday its board approved a deal for its subsidiaries to buy up 86.9% of the Thai business of British retailer Tesco and 100% of the retailer's Malaysian business in a deal valued at $10.6 billion. Citing sources, Reuters reported on Sunday that CP was the frontrunner to buy Tesco's Thai and Malaysian assets in a potential deal that could be worth just over $10 billion.
SINGAPORE/HONG KONG, March 8 (Reuters) - British retailer Tesco is set to assess bids by Thai billionaires for its Asian business on Sunday, a potential deal which could be worth just over $10 billion, four banking sources with knowledge of the matter said. A final decision by Tesco could mark the end of a three-way tussle for control of the company's Thai operations, which comprise some 2,000 stores, said the sources, who declined to be identified as the information is confidential. Sources have said Tesco is also selling 74 outlets in Malaysia.
British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said. The bidding is shaping up as a battle between Dhanin Chearavanont's Charoen Pokphand (CP) Group, Central Group, controlled by the Chirathivat family, and beer-and-property magnate Charoen Sirivadhanabhakdi's TCC Group, they said. Tesco's Asian operations comprise some 2,000 supermarket outlets and convenience stores in Thailand, where it is one of the biggest retail players, and 74 stores in Malaysia.