Tesco retreats from Europe with £1.5bn sale of Czech and Slovak divisions

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Tesco retreats from Europe with £1.5bn sale of Czech and Slovak divisions

Tesco has agreed to sell its businesses in the Czech Republic and Slovakia to a Dutch supermarket giant for €1.7bn (£1.5bn). The UK’s largest grocer said today it would sell its operations in the two European countries to Ahold Delhaize for €1.7bn (£1.5bn), in what marks the grocer’s latest retreat from the global expansion it [...]