Deals
Hong Kong City’super Owner Explores Majority Stake Sale
- Fenix Group is working with an adviser on potential deal
- City Super runs high-end supermarkets in prominent locations
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The Fenix Group is exploring the sale of a majority stake in the operator of high-end supermarket chain City’super, in a deal that could fetch $300 million to $400 million, people with knowledge of the matter said.
The Hong Kong-based company is working with a financial adviser to gauge interest in its stake in City Super Group from potential buyers, according to the people, who asked not to be identified as the information is private.