Business

Lotte Group submits initial bid for Casino's Vietnam retail chain: source

Sunday, March 13, 2016, 10:01 GMT+7

SEOUL, March 11 -- South Korean conglomerate Lotte Group submitted an initial bid for Casino Guichard Perrachon SA's Vietnam retail chain Big C, a person with direct knowledge of the matter said on Friday.

First round bids were due on March 10, the person added without elaborating further.

A Lotte spokeswoman declined comment.

Thailand's Central Group is among others that have shown interest in the Vietnam asset, which is worth at least $750 million according to people familiar with the matter that previously talked to Reuters.

Reuters

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