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LONDON, Dec 8 (Reuters) - Britain's biggest supermarket
chain Tesco said on Sunday it had started a review of
its businesses in Thailand and Malaysia, including looking at a
possible sale.
Celebrating its 100th anniversary, Tesco is five years into
a recovery plan launched after an accounting scandal capped a
dramatic downturn in trading.
Tesco said in a statement that "following inbound interest,
it has commenced a review of the strategic options for its
businesses in Thailand and Malaysia, including an evaluation of
a possible sale of these businesses."
It said the evaluation was at an early stage and "there can
be no assurance that any transaction will be concluded."
"A further announcement will be made if and when
appropriate," Tesco added.
In June, Tesco said it was well placed to grow in Asia,
particularly in Thailand, where it sees an opportunity for 750
new convenience stores over the "medium term".
(Reporting by William James; Editing by Edmund Blair)
Tesco (TSCO)
