Supermarket Tesco has said that it will not accept less than £5 billion for its South Korean business Homeplus.
Potential bidders for the business, which is being sold as part of a programme to turn around the wider group, include private equity firms Kohlberg Kravis Roberts, CVC Capital Partners, Carlyle, Korean investment firm MBK Partners and last week, South Korean snacks business Orion joined the melée.
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