Tesco to regain full ownership of £666m portfolio

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

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).

This is premium content

You must be logged in to view premium stories.

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

Breaking industry news as it happens
Expert analysis and comment from industry leaders
Unlimited access to all stories, including premium content
Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now