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Tesco Starts Process to Sell Banking Arm, Bloomberg Reports

Provided by Dow Jones

Oct 17, 2023 3:51pm

-- Tesco has kickstarted the process to sell Tesco Bank, Bloomberg reports, without naming sources.

-- The U.K. grocer appointed Goldman Sachs Group as adviser and has begun reaching out to potential buyers, Bloomberg reports.

-- Tesco didn't immediately respond to a request for comment from Dow Jones Newswires.

Full story: https://bit.ly/3tt55Iw

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

October 17, 2023 11:51 ET (15:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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