date:Aug 12, 2013
The deal also comes as Asia's richest man Li Ka-shing is considering selling his Hong Kong supermarket business, worth up to $4 billion. Wal-Mart is considering a bid, people familiar with matter have said, but the Tesco deal has apparently ruled out interest from CRE, according to some bankers.
CRE shares rose 7.8 percent to HK$25.70, outpacing a 0.7 percent rise in benchmark Hang Seng share index .HSI. Tesco shares were up 0.56 percent at 1138 GMT.