U.K.'S TESCO SEEKS STAKE IN HUNGARIAN RETAILER

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

LONDON (FNS) -- Tesco is in talks to acquire a 45% stake in Hungarian food retailer Global TH for $18 million (12 million pounds).

Register to view the full article