In Markets

RT-Mart plans merger with Auchan Group

RT-Mart, the supermarket retail investment of Ruentex Group, has announced plans to merge with French retail group Auchan. The two may launch an IPO in Hong Kong in 2010.

According to Ruentex Group, the parties are still in negotiation and if they reach an agreement, their cooperation will be limited to the Chinese mainland market, and will exclude Taiwan.

Follow Retail in Asia on Facebook, Twitter and LinkedIn.

Get our top stories delivered to your inbox:

 

Stay ahead
Subscribe for free!
Register now
Stay ahead