Megamarket? Yeah, maybe that could work, too.
Aeon Co Ltd of Japan, which already owns and operates the Aeon (formerly Jusco, formerly Jaya Jusco) supermarkets and hypermarkets, is now eyeing UK import Tesco Malaysia.
Should Aeon commit to buying up Tesco’s Malaysian operations from Tesco PLC, the price tag will be a cool GBP900 million (RM5.3 billiion), according to a source speaking to Reuters.
Previously, Aeon bought over French hypermarket chain Carrefour’s Malaysian outlets in 2012, for 250 million euros (RM1.05 billion).
Buying Tesco’s operations would make Aeon Malaysia’s biggest hypermarkets group. The Japanese retailer has 28 hypermarkets in the country and plans to open 100 more stores in various formats by 2020. Aeon also owns 51.7 percent of Aeon Co M Bhd, which has 29 outlets and four MaxValu supermarkets in Malaysia.
Sime Darby Bhd. which owns 30% of Tesco’s Malaysian operations, said via a spokesperson that the conglomerate would always be open to opportunities that would enhance shareholder value.
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