Tag: US104

UK retailer Tesco sells Thailand, Malaysia ops for US$10.4 billion

LONDON: Britain’s biggest retailer Tesco said Monday (Mar 9) that it has agreed to sell its businesses in Thailand and Malaysia to Thai conglomerate CP Group for £8.0 billion (US$10.4 billion). “Following inbound interest and a detailed strategic review of all options, we are announcing today the proposed sale of Tesco Thailand and Tesco Malaysia,”