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

Tesco Plc has reached an agreement to sell its supermarket operations in the Czech Republic and Slovakia to Ahold Delhaize. The transaction is valued at an enterprise value of €1.7 billion, which is approximately £1.5 billion. This strategic divestment allows Tesco to concentrate its resources and efforts on its core UK business. The deal marks a significant shift in the company's international footprint as it exits these two Central European markets to prioritize domestic growth.