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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.

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