Tesco shows overseas value as UK struggles; plans to float Thai property fund

 In International, Tesco
Tesco , the world’s third-biggest retailer, plans to float property assets in Thailand, seeking to highlight the value of overseas businesses as it battles tough trading conditions in its main British market.

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The supermarket group announced the initial public offering today as speculation mounted it is about to launch a major campaign to boost its British operations, and news emerged it is slowing down its expansion into banking. The Malaysian Insider – Read more…
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