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CP group gets winning bid for Tesco Asia stores for 10.6 billion US dollars

The Pattaya News

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The Pattaya News

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Tesco has accepted a US$10.6 billion bid for its Asian businesses from a consortium of companies controlled by Thai billionaire Dhanin Chearavanont. The deal, which remains subject to regulatory approval and Tesco Group shareholder approval, will be completed in the second half of this year. The price represents an earnings multiple of 12.5 times and […]

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