12/9/2019, 1:47 PM (Source: TeleTrader)
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Tesco jumps over 4% as it mulls sale of Asian units

Shares of British retailer Tesco plc surged over 4% on Monday after the company announced it is considering selling its Asian units.

On Sunday, Tesco said it is looking into the possibility of divesting its businesses in Thailand and Malaysia but insisted that there is "no assurance that any transaction will be concluded."

Tesco jumped 4.82% to 243.43 pence at 1:30 pm CET.

Breaking the News / NP