Carrefour sign

Thailand's largest energy firm PTT is planning to bid on Carrefour's Thai assets.

According to Reuters reports, the power company islooking to buy the operations, worth US$600m as part of plans to diversify itsbusiness.

'We are actually interested to see whetherthere's an opportunity to link to our businesses,' CFO Tevin Vongvanichtold Reuters.

Carrefour, the world's second largest groceryretailer, is looking to sell its Malaysia, Singapore and Thailand units for apotential price of US$1bn to focus on core markets where it holds leadingpositions.

Casino is also rumoured to be interested in theassets and has appointed Deutsche Bank to advise on a potential bid for thechain, while there have been murmurings that Tesco may also make a bid.