Wal-Mart Up Against Carlyle Group in Hypermarket Deal

Wal-Mart Stores may enter the race for Indonesisan retailer Matahari’s hypermarket business, Reuters reported. Reuters said earlier this week that private equity giant The Carlyle Group and South Korea’s Lotte Shopping had both put in bids for the chain of retail shops. It’s unclear if Wal-Mart put in a formal offer, but Reuters reported that the company has hired Barclays Capital to advise it on the deal, which could reach as high as $1 billion.

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