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Tesco leaves Asia and refocuses on Europe

The British retail giant sells its Malaysian and Thai subsidiaries for 9.7 billion francs.

Tesco continues to reduce its international airfoil. After leaving Japan, the United States, China, South Korea and Turkey between 2011 and 2020, the English distributor continues to refocus on Europe. Starting with the United Kingdom.

The British giant announced yesterday the sale of its subsidiaries in Thailand and Malaysia to the Thai conglomerate Charoen Pokphand (CP) for eight …

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