Singapore state investor Temasek Holdings (Private) Ltd has partnered Asia-focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC , two people familiar with the matter told Reuters.MBK has already entered the race for the business, valued at $6 billion. It is vying against Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR & Co , Reuters reported on Tuesday.. Temasek's latest interest in a consumer-sector deal comes more than a year after it bought almost a quarter of health and beauty retailer A.S. Watson, backed by Hong Kong tycoon Li Ka-shing, for about $5.7 billion in its single biggest investment.Temasek, which has 28 percent of its $197 billion portfolio in financial services, has been diversifying its portfolio in recent years, moving into consumer and life sciences.
Shares of CG traded higher by 3.73% or $0.76/share to $21.11. In the past year, the shares have traded as low as $19.71 and as high as $33.63. On average, 844317 shares of CG exchange hands on a given day and today's volume is recorded at 903616.