Tesco Considers Sale of Asian Supermarkets in Pivot to U.K.

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Britain’s biggest supermarket chain, Tesco Plc, is considering the sale of its operations in Thailand and Malaysia as it refocuses on its domestic business amid mounting challenges in the core U.K. market.The company is carrying out a strategic review of the businesses after receiving what it called inbound interest, according to a statement. The shares rose 4.6% early Monday in London, and they’re up 28% this year. A sale could value the operations at 6.5 billion to 7.2 billion pounds ($8.6 billion …read more

Source:: Yahoo Finance

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