Thai tycoons set to go head-to-head as Tesco invites bids for $9b Asia biz

Thai tycoons set to go head-to-head as Tesco invites bids for $9b Asia biz

Groceries in a shopping cart move through a food aisle at the Tesco Basildon Pitsea Extra supermarket, operated by Tesco Plc, in Basildon, U.K., on Tuesday, Dec. 1, 2015. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said.

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