Tesco to sell its Asia business to CP Group for $10.6 billion
LONDON: Tesco Plc has entered into a conditional agreement with CP Group with respect to the sale of Tesco’s businesses in Thailand and Malaysia for an enterprise value of $10.6 billion. CP Group comprises of namely C.P. Retail Development Company Limited, Charoen Pokphand Holding Co., Ltd, CP All Public Limited Company and C.P. Merchandising Co.,…