Tesco buys S Korea hypermarkets for €1.2bn

Grocery giant Tesco unveiled its biggest ever deal today after agreeing to spend nearly £1bn (€1.25bn) on beefing up its hypermarket presence in South Korea.

Tesco buys S Korea hypermarkets for €1.2bn
Wed, 14 May, 2008 - 09:17

Grocery giant Tesco unveiled its biggest ever deal today after agreeing to spend nearly £1bn (€1.25bn) on beefing up its hypermarket presence in South Korea.

The retailer has bought 36 Homever hypermarkets in the country for £958m (€1.2bn), extending the number of outlets in the country by a quarter.

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