Tesco agrees to sell Asia business to CP Group for $10.6bn

Date : 09 March 2020

Nick Gladding

Senior Retail Analyst

Tesco has announced that it has reached an agreement with CP Group with respect to the sale of its Asian business that values it at $10.6bn (£8.2bn). In a statement, Dave Lewis Group CEO said "Following inbound interest and a detailed strategic review of all options, we are announcing today the…
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