Tesco agrees €1.7 billion sale of Czech and Slovak businesses
Tesco ($TSCO-LSE) agreed to sell its Czech and Slovak businesses to Ahold Delhaize for an enterprise value of €1.7 billion. It expects approximately €1.2 billion of net cash proceeds before tax and transaction costs. The sale includes all stores and offices in both countries and three distribution centres, further concentrating the group’s operations on its core UK and Irish markets. Completion is expected in the second half of 2027 and requires antitrust and other regulatory approvals. Tesco in
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