Tesco to take 20% stake in Chinese joint venture with CRE
date:Aug 12, 2013
n which CRE and Tesco's effective interests are expected to be 80% and 20% respectively.

According to Tesco, while there is no certainty that a transaction will occur, 'The partnership would bring together CREs deep understanding of local customers, established nationwide infrastructure and proven track record as a partner with Tescos global retail expertise, international sourcing scale and supply chain capabilities'.

'The intended partnership follows a series of highly successful joint ventu
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