Tesco to sell Thailand and Malaysia businesses for 8.2 billion pounds

Tesco plc has decided to sell its businesses in Thailand and Malaysia to a combination of CP Group entities, namely C.P. Retail Development Company Limited, Charoen Pokphand Holding Co., Ltd, CP All Public Limited Company and C.P. Merchandising Co., Ltd (CP Group). The company said in a statement that consideration for the disposal represents an enterprise value of 10.6 billion dollars (equivalent to 8.2 billion pounds).