MBK Partners Said to Near $6 Billion Tesco Korea Acquisition

Updated on
  • MBK consortium said to beat rival bidding group led by KKR
  • Tesco to join list of global retailers giving up on Korea

A group led by MBK Partners Ltd. is nearing an agreement to buy Tesco Plc’s South Korea business for about $6 billion including debt, in what could be the country’s biggest private-equity deal, people with knowledge of the matter said.

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