China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Tesco to buy South Korea E-Land's outlets for $1.9 billion
SEOUL (Reuters) - British retailer Tesco Plc's (TSCO.L) South Korean unit will buy 36 discount stores from local rival E-Land Ltd for 1.95 trillion won ($1.87 billion), a spokeswoman at the Tesco unit said on Wednesday.
E-Land bought most of those outlets from France's Carrefour (CARR.PA) in 2006 for $1.85 billion.
Tesco's South Korean discount store chain Home Plus is the second-largest in the country behind Shinsegae Ltd's (004170.KS) E-Mart chain.
($1=1045.4 Won)
(Reporting by Rhee So-eui; Editing by Keiron Henderson)
