Tesco agrees to sell Czech and Slovak businesses
Business · First reported 30 Oct, 07:59 · Updated 08:00
Tesco has agreed to sell its businesses in the Czech Republic and Slovakia to Ahold Delhaize. Reports differ on the deal’s value: City A.M. gives €1.2bn (£1bn), while Retail Gazette reports €1.7bn (£1.5bn).
- Tesco said the sale would help it focus on its UK and Irish businesses; the company said Hungary is not included and remains under Tesco’s ownership and operation.
- Ahold Delhaize is expected to take control of the Czech and Slovak stores in the second half of next year.
- The reported transaction values differ: City A.M. states €1.2bn (£1bn), while Retail Gazette states €1.7bn (£1.5bn).
Summary written by Lux AI from 2 articles
Key facts
- Businesses being sold
- Tesco’s operations in the Czech Republic and Slovakia.
- Buyer
- Ahold Delhaize.
- Reported deal value
- City A.M.: €1.2bn (£1bn); Retail Gazette: €1.7bn (£1.5bn).
- Expected handover
- Ahold Delhaize is to take control in the second half of next year, according to City A.M.
- Hungary
- Not included in the agreement; Tesco says it continues to own and operate the business.
Source spectrum
Far left
Left
Lean left
Centre
Lean right
Right
Far right
Unrated
Left 0 · Centre 0 · Right 1 of 1 rated sources · +1 unrated
All coverage
Coverage over time
LeftCentreRight
Articles per hour since first reported, by side.
Ownership
- Unknown 50% (1)
- Corporation 50% (1)
Share of the 2 sources by owner type.