Deadline for Coles Group bid

Tooronga, Australia: Coles Group has set a deadline of 30 June for interested parties to submit their bids for the retailer. Interested parties must include offer prices in the binding proposals, the company said. Coles put itself up for sale in March this year and has attracted the interest of a consortium led by Australian conglomerate Wesfarmers and a rival consortium led by private equity firm Texas Pacific Group. Earlier this month, private equity firms Kohlberg Kravis Roberts and CVC Asia Pacific pulled out of the bidding race. Tesco had also been linked with a potential bid.