Tesco Agreed on Conditions to Sell Business in Asia for $10.6 Billion
Britain's biggest retailer - Tesco said Wednesday that all conditions for the sale of its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited have been satisfied. The sale is set at $10.6 billion and the deal should be completed this month.
The deal was agreed on in March, and has been additionally approved by the Ministry of Domestic Trade and Consumer Affairs in Malaysia on the 10th of November, meaning there are no further conditions outstanding.
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