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Tesco Strikes Deal to Sell Czech, Slovakia Unit for €1.7 Billion

Bloomberg Markets Friday 30 October 2026, 07:46 UTC By Deirdre Hipwell 1 min read
Key Points

Tesco Strikes Deal to Sell Czech, Slovakia Unit for €1.7 Billion Tesco Plc agreed to sell its supermarket division in the Czech Republic and Slovakia to Ahold Delhaize for an enterprise value of €1.7 billion (£1. 5 billion) as it continues to focus on its core UK business. Britain’s largest supermarket expects proceeds of about €1.2 billion after tax and other costs, which it intends to return to shareholders.

Tesco Strikes Deal to Sell Czech, Slovakia Unit for €1.7 Billion Tesco Plc agreed to sell its supermarket division in the Czech Republic and Slovakia to Ahold Delhaize for an enterprise value of €1.7 billion (£1. 5 billion) as it continues to focus on its core UK business. Britain’s largest supermarket expects proceeds of about €1.2 billion after tax and other costs, which it intends to return to shareholders.
Tesco (ORG) Czech (ORG) Slovakia Unit (ORG) Tesco Plc (ORG) the Czech Republic (LOCATION) Slovakia (LOCATION) Ahold Delhaize (PERSON) UK (LOCATION) Britain (LOCATION)
Originally published by Bloomberg Markets Read original →

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