Tesco PLC (LON:TSCO) European Expansion
Tesco PLC (LON:TSCO) has bought 128 Zabka and Koruna stores in the Czech Republic.
Tesco PLC (LON:TSCO) company shares stood at 433.6 at the end of the last trading session.
Tesco PLC (LON:TSCO) European Expansion
Tesco PLC (LON:TSCO) has purchased 128 Zabka and Koruna convenience stores in the Czech Republic for 1.02 billion koruna ($52.8 million), to cement its position in the eastern European nation.
The U.K. company has 173 outlets in the Czech Republic, where the grocery market is worth $50 billion a year.
Tesco PLC (LON:TSCO) had sales of 1.28 billion pounds ($1.97 billion) in the Czech Republic in the last fiscal year, making the country its fifth-largest in Europe by revenue.
Tesco PLC (LON:TSCO) said that, “the 47 Koruna stores and 81 Zabka franchised kiosks will bolster Tesco’s Express format.”
Last Price: 433.6
52 Week Range: 368.40- 454.90
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We will be monitoring the Tesco PLC (LON:TSCO) share price for changes over the next few weeks.
