A group of private equity firms are submitting bids worth about $2bn (€1.4bn) for Korea's biggest electronics retailer in a deal that is set to become the largest secondary buyout in mainland Asia.

Private equity firms CCMP Capital Asia, US group TPG and South Korea's MBK Partners are among six to eight firms submitting bids for Korea's Himart, according to a report in Dow Jones Newswires.