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Mon 1 Jan 2007 05:13 PM

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Tesco to buy Makro’s Malaysian stores

Tesco is set to acquire eight cash and carry stores from Makro in Malaysia for an undisclosed sum

Tesco is set to acquire eight cash and carry stores from Makro in Malaysia for an undisclosed sum. The acquisition will allow Tesco to almost double its retail space in the country, according to Planet Retail, an online news service. The deal, which signals an end to Makro's presence in Malaysia, is subject to approval from various regulatory bodies.

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