LONDON (FNS) -- Tesco is in talks to acquire a 45% stake in Hungarian food retailer Global TH for $18 million (12 million pounds).
ng for several years.
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, said a spokesman for Tesco, based in Cheshunt, England.
Global had pretax profits of about $1.5 million (at an exchange rate of $1.50