Suning.com Said to Mull Sale of Carrefour China Majority StakeBloomberg News
Retailer seeking $700 million to $800 million for 80% stake
The firm has reached out to potential buyers to gauge interest
Suning.com Co., the Chinese retailer backed by Alibaba Group Holding Ltd., is weighing a sale of its controlling stake in Carrefour SA’s business in the country, people with knowledge of the matter said.
The seller of appliances and other electronic goods has reached out to prospective suitors to gauge their interest for its 80% stake in the Carrefour China unit, said the people who asked not to be named as the information is private. Suning.com could seek about $700 million to $800 million for the stake, the people said.