Tesco Said to Discuss Central and Eastern European Unit Sale

Tesco Plc, which announced the sale of its South Korean business Monday, is also considering divesting its central and eastern European operations to further reduce debt, according to three people familiar with the matter.

While the company is discussing options with advisers, no final decision has been made, said the people, who asked not to be identified as the discussions are private. The business, valued by Sanford C. Bernstein at 1.9 billion pounds ($2.9 billion), includes over 1,110 stores that generate 6.45 billion pounds of revenue. Shares of Tesco’s Turkish unit rose as much as 9.3 percent.