9th Feb 2015 17:01
LONDON (Alliance News) - Tesco PLC is pursuing with the sale of a majority interest in its Dunnhumby data collection business, rather than an outright sale or possible initial public offering of the business, according to Reuters Monday.
Tesco, Britain's largest supermarket chain announced last month than it was "exploring strategic options" for its Dunnhumby business, which includes its Clubcard data set, alongside potential plans for some of its other assets.
Reuters said Monday, citing a source familiar with the situation, that Tesco is advancing with plans for a majority sale of the business rather than other options it had been considering.
Goldman Sachs was appointed to explore strategic options for Dunnhumby, which analysts have valued at between GBP800 million and GBP2 billion, according to Reuters.
Tesco shares closed 2.1% higher Monday at 233.40 pence.
http://www.reuters.com/article/2015/02/09/tesco-dunnhumby-ma-idUSL5N0VJ20120150209
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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