Strategic partnership & sale of banking business
9 February 2024
Tesco CORPORATE TREASURY SERVICES PLC
Tesco CORPORATE TREASURY SERVICES EUROPE DAC
Tesco AGREES LONG-TERM STRATEGIC PARTNERSHIP WITH Barclays TO PROVIDE CUSTOMERS WITH Tesco-BRANDED BANKING PRODUCTS AND SERVICES
EXISTING Tesco BANKING OPERATIONS TO BE SOLD TO Barclays WITH MAJORITY OF CASH TO BE RETURNED TO SHAREHOLDERS
Tesco Corporate Treasury Services PLC (TCTS) and Tesco Corporate Treasury Services Europe DAC (TCTSE) hereby note the announcement made by their ultimate parent company, Tesco PLC, in respect of its entry into a long-term strategic partnership with Barclays to provide Tesco-branded banking products and services and the sale of its existing banking operations to Barclays (the Announcement).
TCTS and TCTSE have made this announcement to ensure that holders of the listed securities are fully appraised of Tesco PLC's Announcement.
A copy of the Announcement is available at:
To view the Announcement in full, please paste the above URL into the address of your browser.
For enquiries, please contact:
Robert Welch, Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
Hertfordshire
AL7 1GA
Tel: 07793 222569
Tesco Corporate Treasury Services PLC LEI Number: 21380018AJDKNF3A6712
Tesco Corporate Treasury Services Europe DAC LEI Number: 213800ESTST91B3U3P50
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