Carrefour cuts bidders for Asian stores, sources say

09/12/2010 | Wall Street Journal, The

Carrefour has eliminated the U.K.'s Tesco and Japan's Aeon from the running for its assets in Southeast Asia, sources said. France's Casino Guichard-Perrachon and several Thai companies have gone on to the next round of bidding. Tesco was seen as a major contender for the Asian stores and one insider said Carrefour could invite the U.K. retailer back into the bidding.

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