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Investing.com -- Starbucks (NASDAQ:SBUX) has requested non-binding bids within the next two weeks from a shortlist of potential bidders interested in acquiring a stake in its China business, according to Reuters.
The shortlisted parties include private equity firms Carlyle, EQT (ST:EQTAB), Bain, and KKR, as well as Hillhouse Investment, Primavera Capital, and technology giant Tencent (HK:0700).
When contacted, Starbucks declined to comment on the matter. Similarly, Primavera, Carlyle, EQT, KKR, and Bain all declined to provide comments. Hillhouse and Tencent did not respond to requests for comment.
This development follows a report earlier in August from Bloomberg indicating that Starbucks had narrowed down its list to approximately a dozen interested parties, including both private equity firms and technology companies.
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