Tesco to sell its businesses to Thailand and Malaysia!

Tesco to sell its businesses to Thailand and Malaysia!

10 December 2019 03:59 pm

TESCO, one of the largest supermarket chains in the United Kingdom, announced yesterday that it is looking to sell its businesses to Thailand and Malaysia.

In a brief statement to the London Stock Exchange, TESCO said it was reviewing strategic options to develop its businesses in Thailand and Malaysia in the UK's interest, and is considering a possible sale of these businesses.

However, these strategic options would only be evaluated as of this moment, and no establishment of TESCO in Thailand or Malaysia would take place, the announcement said. 

Chavini Abhayasinghe