CP Group may bid for HK supermarket chain | Bangkok Post: Most recent

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CP shopping in Hong Kong

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  • Writer: Bloomberg News
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Thailand's Charoen Pokphand Group is bidding for the ParknShop supermarket chain controlled by Hutchison Whampoa in Hong Kong, say three people with knowledge of the matter. 

Hutchison, the Hong Kong conglomerate controlled by billionaire Li Ka-shing, is in talks with about five potential buyers after reviewing first-round bids for the 345-outlet chain.

The conglomerate is seeking between US$3 billion and US$4 billion for the business, a person familiar with the sale said this month.

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