Tesco exploring sale of Central European operations 

Supermarket group looking at options for its operations in the Czech Republic, Hungary and Slovakia, according to reports

Tesco has expanded strongly in Ireland in recent years and holds a dominant share of the grocery market in Ireland, narrowly behind Dunnes Stores. Picture Denis Minihane

Supermarket retailer Tesco is exploring a sale of its Central European operations, the group's only sizeable business outside the UK and Ireland, the Financial Times reported.

It said the supermarket group was working with bankers on options for its operations in the Czech Republic, Hungary and Slovakia.