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Aeon Corp circles Japanese arm of Tesco Monday, 18th June 2012
Image courtesy of Tesco PLC
Aeon Corp is reportedly planning to buy the Japanese arm of Tesco for a “nominal sum”, according to Reuters.
Tesco is offloading its loss-making Japanese business, closing an eight-year period in which it attempted to crack the notoriously difficult market.
The deal is expected to be announced later on today.