Tesco Korea to buy stores for 1.13 billion

Analysis/Comments
Related articles (8)

tiscali.co.uk May 14, 2008

South Korean unit will buy 35 discount stores from smaller local rival E-Land Ltd for 1.13 billion pounds, Yonhap News reported on Wednesday. E-Land, a South Korean retailer, bought most of the outlets from France’s Carrefour in 2006 for 951 million pounds. Tesco is the world’s third-largest food... [read full story]

Full Coverage

FROM ALL SOURCES

SHOW ARTICLES:
FROM US SOURCES
FROM UK SOURCES

COMMENTS COUNT

SORT BY:
OLDEST FIRST
NEWEST FIRST

E-Land in talk to sell stores to Tesco South Korea unit

tiscali.co.uk May 14, 2008

SEOUL (Reuters) - Unlisted South Korean retailer E-Land on Wednesday said it was in talks to sell 35 discount stores to Tesco’s South Korean unit. "Samsung Tesco is a prime candidate and a deal is imminent," an E-Land spokesman told Reuters, referring to the Tesco unit. He declined to give...

comments

Tesco's SKorean unit to buy E-Land stores for $2.2 billion - report

finanznachrichten.de May 14, 2008

SEOUL (Thomson Financial) - British retailer Tesco Plc .'s South Korean unit will buy 35 discount outlets from local retailer E-Land for 2.3 trillion won ($2.2 billion), Internet news provider MoneyToday reported on Wednesday without citing sources. Samsung Tesco Co Ltd., which currently operates...

comments

Tesco to buy S.Korea E-Land's outlets for 976 million pounds

tiscali.co.uk May 14, 2008

SEOUL (Reuters) - Retailer Tesco’s South Korean unit will buy 36 discount stores from local rival E-Land for 1.95 trillion won (976 million pounds), a spokeswoman at the Tesco unit said on Wednesday. E-Land bought most of those outlets from France’s Carrefour in 2006 for $1.85 billion (951...

comments

Tesco's SKorean unit agrees to buy 36 E-Land stores for 1.95 trln won

finanznachrichten.de May 14, 2008

SEOUL (Thomson Financial) - British retailer Tesco Plc .'s South Korean unit said on Wednesday it has agreed to buy 36 discount outlets from local retailer E-Land for 1.95 trillion won ($1.86 billion) in a bid to expand its presence in Asia's fourth-largest economy. Samsung Tesco Co Ltd., which...

comments

Tesco to buy 36 South Korean stores

tiscali.co.uk May 14, 2008

By Rhee So-eui and Rachel Sanderson SEOUL/LONDON (Reuters) - Tesco said on Wednesday it would buy 36 discount stores from South Korea’s E-Land for $1.9 billion (976 million pounds) in its biggest single acquisition. South Korea is Tesco’s second most profitable market after Britain. The deal...

comments

Tesco to buy S.Korea E-Land's outlets for $1.9 bln

indiatimes.com May 14, 2008

SEOUL: British retailer Tesco Plc's South Korean unit will buy 36 discount stores from local rival E-Land Ltd for 1.95 trillion won ($1.87 billion), a spokeswoman at the Tesco unit said on Wednesday. E-Land bought most of those outlets from France's Carrefour in 2006 for $1.85 billion. Tesco's...

comments

Tesco to buy 36 South Korean stores

bbj.hu May 14, 2008

Tesco said on Wednesday it would buy 36 discount stores from South Korea’s E-Land for $1.9 billion (£976 million) in its biggest single acquisition. South Korea is Tesco’s second most profitable market after Britain. The deal allows Tesco’s South Korean discount store business, the second-largest...

comments

Tesco buys a bigger presence in Korea

financeasia.com May 14, 2008

By Rupert Walker | 15 May 2008 UK retailer Tesco pays $1.86 billion for Homever discount stores. In its biggest ever takeover, Tesco announced yesterday that it will pay W1.95 trillion ($1.86 billion) in cash for Homever’s 36 discount stores owned by Korean fashion retailer E-Land Group. Tesco,...

comments