CHESHUNT, U.K. — Tesco here said Monday it has reached an agreement to exit Japan by transferring its interests there to Aeon, Japan’s largest retailer. Tesco plans first to sell 50% of its shares in Tesco Japan to Aeon for a “nominal sum,” resulting in the formation of a joint venture with Aeon. In addition, Tesco will invest a further $62 million as a joint venture partner “to finance further restructuring,” after which Tesco expects that Aeon will ...
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