Dubai – Mubasher: Nasdaq Dubai-listed Majid Al Futtaim Holding is the lead bidder for a controlling stake in the Geant Hypermarket chain, Bloomberg reported.
Geant hired BNP Paribas to advise on the sale which may reach up to $500 million, people familiar with the matter said in December.
Majid Al Futtaim is seeking acquisitions to fuel growth, chief executive officer Alain Bejjani said in an interview with Bloomberg TV last month.
