Tesco Lotus Bangkok. Tesco, Britain's biggest retailer, said on Monday it had agreed to sell its businesses in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of US$10.6bil.
KUALA LUMPUR: Tesco, Britain's biggest retailer, is selling its businesses in Thailand and Malaysia to Thailand's CP Group entities for an enterprise value of US$10.6bil.
The disposal involved Tesco’s entire shareholding in Tesco Stores (Thailand) Ltd, Tesco Stores (Malaysia) Sdn Bhd, it said in a statement on Monday.
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