TESCO PLANNING 20 UNITS IN HUNGARY

LONDON (FNS) -- Tesco here plans to open at least 20 stores in Hungary over the next five years.The expansion strategy is tied to Tesco's $24.3 million purchase of a majority stake in Hungarian food retailer Global last June.A Tesco spokesman said the company also plans to convert the Global stores it acquired to Tescos. There are 45 Global stores in northwest Hungary covering a total of more than

LONDON (FNS) -- Tesco here plans to open at least 20 stores in Hungary over the next five years.

The expansion strategy is tied to Tesco's $24.3 million purchase of a majority stake in Hungarian food retailer Global last June.

A Tesco spokesman said the company also plans to convert the Global stores it acquired to Tescos. There are 45 Global stores in northwest Hungary covering a total of more than 100,000 square feet of selling space. Tesco said the Global investment re

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