Share Prices & Company Research

Market News

06 Nov 2020 | 13:21

Tesco gets OK for disposal from Thai regulator

(Sharecast News) - Tesco said on Friday that it's been given the green light by the Office of Trade Competition Commission in Thailand for the sale of its business there to CP Group, as it looks to focus on its UK and Ireland operations. "We are awaiting CP Group receiving the formal regulatory approval notice from the OTCC and will make a further announcement when appropriate," the supermarket retailer said in a brief statement.

Tesco announced in March that it was planning to sell its businesses in Thailand and Malaysia for an enterprise value of $10.6bn. The company said at the time that following completion of the disposal, it would return around £5bn to shareholders via a special dividend.

At 1325 GMT, the shares were up 2.6% at 218.10p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 7th October 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.