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.


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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