The UK’s biggest retailer is to kick off a review of its presence in the financial services sector that could trigger a formal sale process, Sky News learns.
By Mark Kleinman, City editor
Saturday 18 February 2023 12:35, UK
Tesco, Britain’s biggest supermarket chain, is to kick off a review of its presence in the UK banking sector – a move that could lead to a sale of the business.
Sky News has learnt that the grocery giant is lining up Goldman Sachs to advise on the future of Tesco Bank, which launched in 1997.
City insiders said this weekend that the review was at a very preliminary stage…
