For fresh fruit and vegetable marketing and distribution in Asia
Carl Collen


Wednesday 21st May 2008, 07:00 Hong Kong

Tesco looks to South Korea

The UK retailer will invest US$1.9bn in expanding its Korean operations

Tesco looks to South Korea

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UK retailer Tesco is set to purchase 36 stores from E-Land in South Korea, according to Reuters, for an estimated US$1.9bn in a bid to further expand its Asian operations. Tesco's finance and strategy director Andrew Higginson called the deal "a terrific strategic opportunity to be equal number one in the market".

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