Tesco Sale of Czech, Slovakian Businesses to Ahold Makes Sense

Dow Jones
10/30

1032 GMT - Tesco's move to sell its Czech Republic and Slovakia businesses to Ahold Delhaize makes sense for both companies, RBC Capital Markets analysts Manjari Dhar and Richard Chamberlain say in a note. The deal should complement Ahold's existing business in the Czech Republic and help it expand in Slovakia, they add. Ahold gives its third-quarter results on Wednesday. Shares in Tesco and Ahold are up 1.32% and 1.38%, respectively.

 

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