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Tesco expands South Korean presence with £1bn acquisition

LONDON - Tesco has bought 36 discount stores from South Korea's E-Land for $1.9bn (£977m), marking ... , but the acquisition will allow the supermarket giant to challenge the top-ranked E-Mart chain, run by Shinsegae. E-Mart has 111 stores, which Tesco can now almost match by adding its acquired stores to the 66 ...

By Darren Davidson / Brand Republic 15-May-08

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