Tesco Might Exit Asia

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Tesco PLC is a multinational grocery and general merchandise retailer might sell its other businesses in Central Europe and Asia according to Sky News.

The report said that after the private equity buyout firm TPG approached the troubled British grocer to buy its data gathering and analysis subsidiary Dunnhumby which was worth about £2 billion (RM10.44 billion).

Tesco PLC is now examining its ownership of Dunnhumby as part of a broader review of its business. Dunnhumby was acquired by Tesco in 2004, and could be worth up to  £3 billion now according to certain bankers.

Written by FunnyMalaysia

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