Tesco In Fresh Effort To Raise £1bn A Year

The UK’s largest retailer may extend its sale-and-leaseback program, currently only in operation in the UK, to its international property assets to fund overseas expansion amid slowing growth at home. This move could raise at least £1bn (US$1.6 billion) a year, selling and leasing back outlets, while maintaining ownership of 70% of its properties.

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