KKR, TPG drop out of ParknShop bidding – report
KKR and a consortium featuring TPG Capital consortium have reportedly been dropped from the auction of ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa.
According to Reuters, the PE firms' offers failed to meet the company's expectations, in a sale expected to fetch $3-4 billion. The highest private equity offer was said to be around HK$20 billion ($2.6...
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