Article 54QQA Tesco sells up in Poland to focus on UK

Tesco sells up in Poland to focus on UK

by
Jasper Jolly
from on (#54QQA)

The 165m sale of 301 sites to Danish group follows departure from Japan, South Korea, the US and Turkey

Tesco is selling its Polish business to a Danish group in its latest retreat from international markets as it focuses on the UK.

Britain's biggest supermarket chain said it would receive a net total of 165m for the sale of its 301 stores, distribution centres, and head office in Poland, to Salling Group, which also owns the Netto Group. Tesco said the proceeds would be used for general corporate purposes".

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