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12/8/2019, 3:33 PM (Source: TeleTrader)
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Chart for: Tesco PLC ORD 5P

Tesco mulls selling Asian divisions

Tesco plc announced in a statement on Sunday that it is considering a possible sale of its businesses in Thailand and Malaysia.

The Britsh retailer also stated that the decision to reevaluate business strategy in Asia and mull potential selling of the divisions came after "inbound interest." However, no official decisions have been made, and the public will be notified "if and when appropriate," the press release noted.

Breaking the News / MS