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Tesco sells its Asian business for $10 billion

(Bloomberg)—Tesco Plc, No. 4 in the Digital Commerce 360 Europe 500, agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and acquisitions worldwide. Britain’s largest supermarket chain said it plans a 5 billion-pound […]

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