We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

Tesco Sells South Korean Retail Unit

September 7, 2015: 12:00 AM EST
UK retailer Tesco Plc agreed to sell its South Korean business to a group of investors led by private-equity firm MBK Partners Ltd. Valued at $6.1 billion, the deal is the most significant step taken by the company under CEO Dave Lewis to reduce its debt and revive its business. Tesco will book a loss of about £150 million from the sale, which involves the largest and most profitable among the retailer’s overseas operations.
Sam Chambers and Cathy Kit Ching Chan, "Tesco to Sell Korean Unit to MBK-Led Group for $6.1 Billion", Bloomberg, September 07, 2015, © Bloomberg L.P.
Domains
RETAIL BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
South Korea
United Kingdom
Categories
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.