Tesco would sell its South Korean business branch

Tesco may sell its South Korean activities for six to seven million USD – portfolio.hu wrote after MarketWatch.

Retailer Tesco PLC has picked Asian private-equity firm MBK Partners LP as the preferred bidder to buy its South Korea retail operations–its largest outside the U.K.–in a deal that could be worth between $6 billion and $7 billion, according to people familiar with the situation.

The deal would be among the largest transactions in Asia this year and the largest private equity deal ever in South Korea. (portfolio.hu)