Tesco sells Homeplus to private equity group for $6.1 bln: Reuters

Tesco is selling its South Korean arm, Homeplus, to a group led by private equity firm MBK Partners for US$6.1 billion, as the British supermarket retreats from foreign markets to focus on reviving its troubled domestic business, Reuters reported. The PE consortium includes the Canada Pension Plan Investment Board, Public Sector Pension Investment Board and Temasek Holdings.

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