Deals
Tesco Clinches $10 Billion Asian Sale to Thai Billionaire
- Charoen Pokphand adds Thai, Malaysia units as Tesco pulls back
- Grocer to return 5 billion pounds to shareholders after sale
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Tesco Plc agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and acquisitions worldwide.