Advertisement
UK markets closed

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.37
    -0.11 (-0.14%)
     

  • GOLD FUTURES

    2,322.50
    -8.70 (-0.37%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • Bitcoin GBP

    50,264.27
    -479.22 (-0.94%)
     

  • CMC Crypto 200

    1,308.29
    -56.83 (-4.16%)
     

  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Affinity, Carlyle among early bidders for Tesco's S.Korean unit-media

Reuters - UK Focus

SEOUL, June 25 (Reuters) - Private equity firms Affinity Equity Partners, Carlyle Group and CVC Capital Partners were among 7 to 8 preliminary bidders for Tesco (Xetra: 852647 - news) 's South Korean unit, a Korean newspaper reported on Thursday.

The Korea Economic Daily said private equity firms MBK Partners (Other OTC: PGPHF - news) , Goldman Sachs Principal Investment Area, TPG (Taiwan OTC: 6521.TWO - news) and snackmaker Orion Corp were also among the preliminary bidders that expressed interest for the around $6 billion business, citing an unnamed investment banking source.

Tesco has hired HSBC to explore a sale of its South Korean operations, people familiar with the matter told Reuters earlier this month.

Spokesmen for Affinity, MBK, CVC (Taiwan OTC: 4744.TWO - news) and Orion (Helsinki: ORNAV.HE - news) could not be immediately reached. Goldman Sachs (NYSE: GS-PB - news) declined to comment. (Reporting by Joyce Lee; Editing by Richard Pullin)