LONDON (FNS) -- Tesco was expected to complete the acquisition of a majority stake in Hungarian food retailer Global TH by the middle of May. The purchase price was to be about 12 million pounds ($18 million). Global operates 43 stores in northwest Hungary, with a total selling area of about 100,000 square feet, Tesco said. The stores are centered in a region about 50 miles west of Budapest, a Tesco spokesman said. Global had pretax profits of about 1 million pounds ($1.5 million) on sales ...

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