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UPDATE 2-Tesco shares jump on possible sale of Asian business [Reuters]

Walgreens Boots Alliance, Inc. (WBA) 
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
Company Research Source: Reuters
Tesco shares jump on possible sale of Asian business LONDON (Reuters) - Shares in Tesco ( TSCO.L ) jumped nearly 6% at one point on Monday after Britain’s biggest retailer said it was considering a sale of its remaining Asian businesses, in Thailand and Malaysia, which analysts valued at up to $9 billion. Tesco said on Sunday that it had begun a review of its Asian operations following “inbound interest” in the businesses that generate about 8% of the supermarket retailer’s total annual revenue and 10% of its profit. Tesco said the review was at an early stage and gave no details of the approaches received. Its share price was up 11.7 pence, or 5%, at 243.9 pence at 0915 GMT, after rising as much as 5.6% in early trade. Analysts at Bernstein valued the Asian business at 6.5 billion pounds to 7.2 billion pounds ($8.3 billion to $9.2 billion). Tesco trades from 1,967 stores in Thailand and 74 in Malaysia. In the six months to Aug. 24 the businesses together generated sales of 2.56 bil Show less Read more
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