Tesco agrees sale of Asian businesses for $10.6 billion

Tesco agrees sale of Asian businesses for $10.6 billion

British retailer Tesco said on Monday it will return $6.6 billion to shareholders after agreeing to sell its businesses in Thailand and Malaysia for an enterprise value of $10.6 billion. Tesco intends to return cash to shareholders via a special dividend. Tesco said the deal is conditional on the approval of its shareholders and regulatory approvals in Thailand and Malaysia.

KCooper
KCooper
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