Linklaters has advised Charoen Pokphand Group on its purchase of British retailer Tesco’s businesses in Thailand and Malaysia for $10.6 billion. Tesco was counselled by Freshfields Bruckhaus Deringer and Allen & Overy.

According to Reuters, the deal, which involves more than 2,000 stores in Asia, allows Tesco to focus its business on core operations in the UK, Ireland and Central Europe. In February, Tesco completed its exit from China with the 275-million-pound ($357 million) sale of its joint venture stake to state-run partner China Resources Holdings.

The Freshfields team was led by partners Claire Wills, Simon Weller, Keir MacLennan, Alastair Chapman and Alastair Mordaunt.

The Allen & Overy team was led by partner Suparerk Auychai.

Meanwhile, the Linklaters team was led by partners Wilailuk Okanurak, Pichitpon Eammongkolchai, Matthew Middleditch and Nathalie Hobbs.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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