Share Search
Visit the Share Search
Tesco sells Thailand, Malaysia businesses for ?8bn
9th Mar 2020 07:15
(Sharecast News) - Tesco said it was selling its Thailand and Malaysia businesses to Thai conglomerate CP Group for $10.6bn (?8.2bn) and planned to return ?5bn to shareholders via a special dividend.
The supermarket giant said it would also cut debt through a ?2.5bn pension contribution, eliminating the fund's deficit and "significantly" reducing the prospect of having to make further such payments in future.
The supermarket giant said it would also cut debt through a ?2.5bn pension contribution, eliminating the fund's deficit and "significantly" reducing the prospect of having to make further such payments in future.