Brief: Tesco To Sell Czech Republic & Slovakia Businesses For Enterprise Value €1.70 Billion
BRIEF-Tesco To Sell Czech Republic & Slovakia Businesses For Enterprise Value €1.70 Billion Oct 30 (Reuters) - Tesco PLC TSCO.L:
TESCO PLC - TESCO TO SELL CZECH REPUBLIC & SLOVAKIA BUSINESSES
TESCO PLC - TESCO TO SELL CZECH REPUBLIC & SLOVAKIA BUSINESSES
TESCO - DEAL ENTERPRISE VALUE €1.70 BILLION (£1.50 BILLION) ON CASH AND DEBT FREE BASIS
TESCO - EXPECTED NET CASH PROCEEDS OF €1.20 BILLION (£1 BILLION) BEFORE TAX AND COSTS
TESCO - DEAL EXPECTED TO BE BROADLY NEUTRAL TO EPS AND NET DEBT/EBITDA RATIO
TESCO - MAJORITY OF NET CASH PROCEEDS TO BE RETURNED VIA INCREMENTAL SHARE BUYBACK
TESCO - DEAL INCLUDES ALL STORES, OFFICES, AND DISTRIBUTION CENTRES IN CZECH REPUBLIC AND SLOVAKIA
TESCO: FOLLOWING COMPLETION, WE EXPECT TO RETURN MAJORITY OF NET CASH PROCEEDS TO SHAREHOLDERS IN FORM OF AN INCREMENTAL SHARE BUYBACK
TESCO - HUNGARY NOT INCLUDED IN AGREEMENT AND REMAINS OWNED AND OPERATED BY TESCO
TESCO - TO SELL CZECH REPUBLIC AND SLOVAKIA BUSINESSES TO AHOLD DELHAIZE
TESCO: WILL CONTINUE TO REVIEW ALL OPTIONS FOR FUTURE OF OUR BUSINESS IN HUNGARY
Source text: ID:nRSd1614Ba
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