date:Aug 23, 2013
onable price. He added that the supermarket chain is a quality asset, which is well operated by Hutchison Whampoa Ltd.
HWL, which is controlled by tycoon Li, said earlier it is considering selling ParknShop, one of the two largest chains in Hong Kong's $6.6 billion supermarket industry. The sale is estimated to fetch between $3 billion and $4 billion.
In addition to CRE, the deal attracted at least eight other offers, including those from private equity firms KKR Co LP and TPG Capital. Sun Ar