by Property Forum
Tesco has agreed to sell its retail businesses in the Czech Republic and Slovakia to Ahold Delhaize at a total enterprise value of €1.7 billion (equivalent to £1.5 billion) on a cash and debt-free basis. The deal is expected to generate net cash proceeds of €1.2 billion (equivalent to £1.0 billion) before tax and other transaction costs, with completion anticipated in the second half of 2027, subject to antitrust and other regulatory approvals.
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