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Deals Rumor Mill: Tesco, Novo Banco, Indian Oil Corp.

By Benjamin Horney (August 21, 2015, 6:15 PM EDT) -- Private equity outfits Affinity Equity Partners and KKR & Co. LP are joining forces to try to buy Tesco PLC's South Korean unit, Reuters reported on Friday. According to the report, the unit in question could be valued at as much as $6 billion. The Carlyle Group is another prospective suitor for the unit, and has teamed up with Singapore's sovereign wealth fund GIC to potentially launch a bid, the report said, adding that MBK Partners might also have interest. Final bids are due on Monday, the report noted....

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