Tesco hired Citigroup and Goldman Sachs to assist with selling its assets in Slovakia, Czechia, and Hungary

Retailer Tesco has retained Citigroup and Goldman Sachs to assist with selling its assets in Slovakia, Czechia, and Hungary, Mergermarket sources say. The sale may reportedly yield €625m. The transaction will be split into two separate deals covering 363 stores in Slovakia and Czechia and 198 stores in Hungary. Potential bidders in the Czech-Slovak market include Schwarz Group (Lidl and Kaufland), alongside speculated interest from Polish chain Biedronka.

(pravda.sk)