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(Photo by: Jeff J Mitchell / Getty Images News) Tesco is finalizing a deal with MBK Partners Ltd. to sell its South Korean unit.

Sep 07, 2015 AM EDT - Diana Tomale

Tesco Finalizes Deal to Sell South Korean Unit

Tesco is near to closing a deal to sell "Homeplus" to an Asian private-equity firm bidder. The British retailer selected MBK Partners Ltd. among other bidders that showed interest in buying the South Korean unit.

Tesco receives three bids on the sale process of its South Korean Unit.

Aug 27, 2015 AM EDT - Diana Tomale

Bids for Tesco's South Korean Unit

British retailer Tesco has received three bids for Homeplus, its South Korean Unit.

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