Tesco extends overseas retreat with Czech and Slovak sale

www.reuters.com

Tesco extends overseas retreat with Czech and Slovak sale

www.reuters.com

Potato Lover 💾 No brain found to

Europe@feddit.orgEnglish · 4 days ago

reuters.com

www.reuters.com

Czech and Slovak businesses sold to Ahold Delhaize
Sold for enterprise value of €1.7 billion
Most of €1.2 billion cash proceeds to be returned to shareholders
Tesco continuing to review ‘all options’ for ‌Hungary business
Tesco shares up 1%, extending 2026 gains to 21%

The Czech Republic and Slovakia generated sales of £2.9 billion ($3.9 billion) and the majority of the £115 million adjusted operating profit reported for the Central European region in the 2025/26 financial year - about 4% of total group profit.

The Dutch group [Ahold Delhaize] already has operations in the Czech Republic, where it operates the Albert ⁠supermarket chain.

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