Advertisement
UK markets close in 1 hour 15 minutes

  • FTSE 100

    8,129.74
    +50.88 (+0.63%)
     

  • FTSE 250

    19,824.52
    +222.54 (+1.14%)
     

  • AIM

    755.69
    +2.57 (+0.34%)
     

  • GBP/EUR

    1.1674
    +0.0018 (+0.15%)
     

  • GBP/USD

    1.2497
    -0.0014 (-0.11%)
     

  • Bitcoin GBP

    51,823.27
    +813.63 (+1.60%)
     

  • CMC Crypto 200

    1,340.22
    -56.32 (-4.04%)
     

  • S&P 500

    5,104.28
    +55.86 (+1.11%)
     

  • DOW

    38,279.25
    +193.45 (+0.51%)
     

  • CRUDE OIL

    83.94
    +0.37 (+0.44%)
     

  • GOLD FUTURES

    2,356.30
    +13.80 (+0.59%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,147.37
    +230.09 (+1.28%)
     

  • CAC 40

    8,091.08
    +74.43 (+0.93%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

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)