Carrefour has launched the sale of its operations in Malaysia, Singapore and Thailand, we learn from several sources with direct knowledge of the case.
This could generate approximately 800 million euros in the French distributor.
Crossroads works with investment banks Goldman Sachs and UBS on the transaction, which should attract the interest of particular private equity firms, said the same sources.
The assets sold by Carrefour could also attract other international retailers expanding into Asia, the sources said.
Carrefour, Goldman Sachs and UBS did not wish to make comments.
The auction of assets of Carrefour in Asia is in its infancy, however, the sources said, and like any such transaction, the process may change at any time.
In April, Indonesian Para Group, present in the banking, media and distribution, had said it expected to raise over 350 million dollars (283 million euros) through a bond issue to finance the purchase of a 40% stake in the Indonesian subsidiary of Carrefour.
Trans Corp., a holding company controlling the activities of media, entertainment, leisure and mode of Para Group, wants to increase 40% to 100% ownership of PT Carrefour Indonesia.
In recent years, the number two global retailer has withdrawn from Japan and South Korea to focus on larger markets and faster growth of India.
Around 12:45 GMT, Carrefour gained 3.13%, to 33.14 euros, while at the same time the index Stoxx European retail sector advanced 1.44%.