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Thai Tycoons Vie for Tesco’s $7 Billion Asia Business

  • Central, CP Group are among companies weighing potential bids
  • TCC has also expressed interest in bidding for the operations
Tuk Tuk drivers wait for customers outside a Tesco-Lotus supermarket in Bangkok

Tuk Tuk drivers wait for customers outside a Tesco-Lotus supermarket in Bangkok

Photographer: Mladen Antonov/AFP via Getty Images

The Thailand and Malaysian operations of Britain’s largest supermarket chain Tesco Plc. are on the shopping lists of Thai tycoons.

Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by Chirathivat family, are among companies that are weighing bids for the Southeast Asian business that could fetch more than $7 billion, according to people with knowledge of the matter.