6th Dec 2006 07:01
Tesco PLC06 December 2006 6 December 2006 TESCO ACQUIRES MAKRO IN MALAYSIA Tesco has today announced the acquisition of the Makro business in Malaysia. Thedeal, which is subject to regulatory approval, will see the eight Makro Cash &Carry stores and operations transferred to Tesco for an undisclosed sum. This strategic move will help the company to strengthen its business in Malaysiaand move close to becoming market leader. The eight stores purchased in thetransaction are in prime sites and total over 800,000 square feet of sales area,providing Tesco with the opportunity to almost double its space in the country. Contacts: Investor Relations: Chris Griffith / Nicola Chambers 01992 644 800Press: Greg Sage 01992 644 887 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tesco