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Looking to purchase a nice little retailer in Australia? You can have it for $16 billion (US)…or you can dicker for parts.

The Washington Post reports this morning that Coles Group in Australia has set the terms for a possible sale or breakup, saying that the assets could be broken up into three parts - supermarkets, office supplies and retailing – and go for a total of about $16 billion (US). Such a sale –whether of the whole or the parts - could take as long as six months, the company said.

Possible suitors include private equity consortiums – likely to include Kohlberg Kravis Roberts (KKR) – and other retailers such as Wal-Mart and Tesco.
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