Tesco is leaving the Czech market after 30 years. It is being bought by the Dutch Ahold

Dutch company Ahold is acquiring Tesco's operations in the Czech Republic and Slovakia for approximately €1.7 billion. The deal is expected to finalize in the fourth quarter of next year, pending regulatory approval. Tesco has been operating in the Czech market since 1996 and currently runs over 360 stores in the region. Ahold aims to strengthen its position in Central and Southeastern Europe through this acquisition. Additionally, the article mentions various other topics, including employee well-being programs and a new award for former presidents of the Czech Republic and Slovakia.