Bain Capital agrees to buy into China's GOME-source

HONG KONG, June 7 (Reuters) - U.S. private equity giant Bain Capital has agreed to buy a major stake in China's top home appliance retailer GOME, a source with direct knowledge of the deal said on Sunday.

The two parties were still finalising financial details at the weekend and an official announcement is expected as early as next week, said the source, who declined to be identified as he was not authorised to speak to the media.

On Wednesday, Reuters reported Bain entered into exclusive talks to buy a major stake in GOME, dubbed as China's Best Buy, after months of competition with other potential investors including Kohlberg Kravis Roberts & Co [KKR.UL] and Warburg Pincus [WP.UL]. [ID:nHKG256749]

Representatives for Bain and GOME both declined to comment. (Reporting by George Chen; Editing by Jerry Norton)