Japan’s Aeon Co Ltd is interested in buying the Malaysian operations of Britain’s Tesco PLC, valued at US$1.4bil (RM5.32bil), people familiar with the matter told Reuters.
Japan’s largest retailer has been venturing into South-East Asia where purchasing power is rising in fast-growing economies.
In contrast, growth has been hampered at home by deflation, sluggish consumer spending and a shrinking population.
It bought the Malaysian arm of French retailer Carrefour SA in 2012 for 250 million euros (US$275.08mil) and last year expanded e-money services in Thailand.
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Japan’s largest retailer has been venturing into South-East Asia where purchasing power is rising in fast-growing economies.
In contrast, growth has been hampered at home by deflation, sluggish consumer spending and a shrinking population.
It bought the Malaysian arm of French retailer Carrefour SA in 2012 for 250 million euros (US$275.08mil) and last year expanded e-money services in Thailand.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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