Britain’s Tesco (TSCO.L) and Singapore’s Dairy Farm (DAIR.SI) are among the bidders to submit second-round indicative offers for French retailer Carrefour’s (CARR.PA) Southeast Asian assets, sources familiar with the matter told Reuters on Sunday.

Carrefour, the world’s No. 2 retailer, had set a Nov. 5 deadline for second-round bids in an auction which is expected to fetch about US$1 billion ($1.3 billion) . The supermarket operator is selling shops in Malaysia, Singapore and Thailand to focus on markets where it holds leading positions.

Carrefour is the world’s second-biggest retailer behind Wal-Mart Stores Inc (WMT.N). Carrefour, which in the past has declined to comment on the sale, could not be reached for a comment on Sunday.

It has 44 stores in Thailand including 43 hypermarts, 23 in Malaysia and two outlets in Singapore, as of end-August.

Tesco declined to comment, while Dairy Farm could not be reached for an immediate comment.

UBS (UBSN.VX) and Goldman Sachs (GS.N) are handling the sale.