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Japan's Aeon to foray, invest in Indian retail market

RBR Staff Writer Published 13 August 2012

Japan-based retailing and financial services provider Aeon Co is in talks with two Indian grocery retail chains to make potential investment in Indian retail business.

The Indian retailing chains are in talks with the Japanese firm for divesting their stake in the back end operations, which is the only option for them to sell to foreign players.

Aeon's expertise in developing a private label range of products will be one of the key components on which the two Indian retail chains are banking upon for the deals, reports Business Standard.

Enterprise value of one of the Indian retailing chains following the successful deal with the Japanese firm is estimated to be around $110m-$120m.

Aeon, an operator in various retail segments ranging from supermarkets, convenience stores, department stores, small supermarkets, discount stores and drug stores, is focused on Asia, including China, Vietnam, the Philippines, South Korea, Indonesia, Thailand, Taiwan, and Malaysia.

In India, the company operates a liaison office.