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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.