By
Reuters API
Reuters API
Published
Mar 9, 2020
Mar 9, 2020
Tesco sells businesses in Thailand, Malaysia for $10.6 billion
By
Reuters API
Reuters API
Published
Mar 9, 2020
Mar 9, 2020
Tesco, Britain's biggest retailer, said on Monday it had agreed to sell its businesses in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of $10.6 billion (£8.10 billion).
Following completion of the disposal, Tesco intends to return about 5.0 billion pounds ($6.6 billion) to shareholders via a special dividend with associated share consolidation.
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