Tesco to Free Up Capital

The JournalMarch 24, 2004

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Summary


Supermarket giant Tesco announced a major step in its expansion drive this week with a deal to realise pounds 650m from its UK property portfolio.

The group will free up capital by establishing a joint venture with private- ly-owned property group Topland to take control of 33 stores and two depots.

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Extract


Tesco to Free Up Capital

The move is part of a previously...

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