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Tesco sells South Korean unit to MBK-led group for $6.1 billion

© Reuters. Women push their shopping carts at a Homeplus market in Seoul, South Korea

LONDON (Reuters) - Britain's Tesco (L:TSCO) has agreed to sell its South Korean unit to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, in its first major disposal since it hit financial difficulties.

Seeking to raise funds to revitalize its domestic business, Tesco said it would sell...


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