Tesco is in advanced discussions with financial advisors regarding the potential sale of its Central European operations, marking a significant strategic shift for the British supermarket giant.
The move would see the group divest its only substantial business outside the United Kingdom and Ireland, consolidating its focus on its home markets.
The Financial Times first reported the development, noting that the retailer is actively engaging bankers to explore options for the Central European unit.
The Financial Times first reported the development, noting that the retailer is actively engaging bankers to explore options for the Central European unit.
While no formal offer has been received, the engagement signals a clear intent to streamline the portfolio and unlock value from non-core assets.
This potential divestment comes as Tesco navigates a complex macroeconomic environment.
The retailer has recently benefited from a surge in fuel sales at its UK forecourts, driven by elevated petrol prices linked to the ongoing conflict in Iran.