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Bidders Cut Valuation Of A 1bn Tesco Clubcard

2015-06-01 19:07:31| Grocery - Topix.net

Prospective bidders for the Tesco unit which manages its Clubcard operation are poised to slash the value of their offers following the restructuring of one of its largest contracts. Sky News has learnt that private equity groups which have expressed an interest in acquiring Dunnhumby began holding meetings with Britain's biggest retailer last week - and have since cut their projected valuations of the company from A 2bn to around half that sum.

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