Hyundai Department Store says considering bid for Tesco's S.Korean unit

Hyundai Department Store Co

09/06/2015 01:51

SEOUL, June 9 (Reuters) - Hyundai Department Store Co Ltd 
 069960.KS  is considering bidding for Tesco Plc's  TSCO.L  
South Korean unit, but nothing has been decided, a Hyundai 
spokesman said on Tuesday.  
    Troubled British retailer Tesco has hired HSBC  HSBA.L  to 
explore a sale of its South Korean operations, valued at about 
$6 billion, people familiar with the matter told Reuters last 
week.  ID:nL3N0YQ344   
    Hyundai Department Store has a market capitalisation of 
around 3.4 trillion won ($3 billion).  
 
($1 = 1,117.3000 won) 
 
 (Reporting by Joyce Lee; Editing by Edwina Gibbs) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: TESCO SOUTHKOREA/M&A