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TSCO — Tesco News Story

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UK's Tesco rises after $1.9 billion Czech, Slovak business sale

BUZZ-UK's Tesco rises after $1.9 billion Czech, Slovak business sale

** British supermarket chain Tesco TSCO.L shares up 1.1% at 536.8p

** Co to sell Czech, Slovak businesses to Ahold Delhaize AD.AS in $1.9 billion deal

** Plans to return majority of the €1.2 billion ($1.34 billion) net proceeds to shareholders via share buyback after deal closes

** As of last close, TSCO up 20.2% YTD

($1 = 0.8930 euros)


(Reporting by Anushka Chourasia in Bengaluru)

((Anushka.Chourasia@thomsonreuters.com))

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