Tesco Kickstarts Potential Sale of Banking Arm
A customer uses an ATM at a Tesco Bank cash point.
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Tesco Plc has started the process for a potential sale of its banking arm, according to people familiar with the matter.
The grocer has appointed Goldman Sachs Group Inc. as its adviser and begun to reach out to potential buyers, the people said, who asked not to be identified discussing a private matter. The undertaking is at an early stage, the people said.