Business and Finance
Tesco agrees to sell its Czech and Slovak businesses to Ahold Delhaize for €1.7 billion
Tesco said it will sell its businesses in the Czech Republic and Slovakia to Dutch-Belgian supermarket group Ahold Delhaize for an enterprise value of €1.7 billion including leases, or €1.2 billion excluding them. Tesco said it plans to return most of the net cash proceeds to shareholders through a share buyback; its Hungarian business is not part of the deal.
