Tesco to regain full ownership of £666m portfolio

By Guy Montague-Jones2019-04-11T10:13:00

Source: Shutterstock/Julius Kielaitis

Tesco is set to complete a deal that will bring a portfolio of 15 stores and two distribution centres worth £666m back into full ownership.

In full-year results yesterday, the grocery giant said it had exercised an option last autumn to buy back the 50% equity holding in the Tesco Atrato Limited Partnership held by its joint venture partner, understood to be Universities Superannuation Scheme (USS).

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