Tesco’s Thai Unit Hires Krung Thai Asset to Manage Property Fund

Tesco Plc (TSCO) hired Krung Thai Asset Management Pcl to help manage the company’s new property fund in Thailand, according to a statement.

Ek-Chai Distribution System Co., Tesco’s Thai unit, and Krung Thai will brief the media on details of the sale tomorrow, Krung Thai said in the statement.

Tesco said in September it plans to raise about 14 billion baht ($454 million) from the sale of the Thai property fund.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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