Analysis: What would it mean for Tesco and China Resources to buy ParknShop?

Tesco has focused on full or majority ownership of its businesses overseas, including in China

Two of the most intriguing developments in the retailing scene in the Greater China region for some time came together dramatically yesterday with the revelation that new potential merger partners China Resources Enterprise and Tesco are also discussing a joint bid for the Hong Kong based supermarket business ParknShop.

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