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Deals Rumor Mill: Tesco, GVC Holdings, Novo Banco

By Benjamin Horney (September 2, 2015, 5:19 PM EDT) -- U.K. supermarket chain Tesco PLC is leaning toward a 7.8 trillion won ($6.61 billion) bid from MBK Partners and Singapore state fund Temasek Holdings Pte. Ltd. for its South Korean unit, Reuters reported on Wednesday. According to the report, if the deal goes through, it would mark the largest private equity deal in Asia's history. Previous reports had pegged the likes of The Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR & Co. LP as other prospective bidders for the unit....

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