Tesco Lotus seeks $442 million from public investors

Tesco's Thai property fund is offering 75% of its units to public investors, of which one-third are targeted at international accounts.
<div style="text-align: left;"> Tesco operates more than 900 stores in the country, from hypermarkets to convenience stores </div>
<div style="text-align: left;"> Tesco operates more than 900 stores in the country, from hypermarkets to convenience stores </div>
February 21, 2012

The Thai unit of UK supermarket chain Tesco has set the terms for the initial public offering of a property fund that will include 17 malls anchored by Tesco Lotus stores. The management will start to meet domestic investors today and an international roadshow will follow next week.

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