Factbox: Tesco could sell assets to bolster balance sheet

Tesco (TSCO.L) Chief Executive Dave Lewis could announce plans to sell or spin off non-core businesses as he seeks to rebuild the retailer in Britain following an accounting scandal.

These are some of the disposals Tesco could consider and analysts' valuation estimates:

ASIA BUSINESS: 8-10 BILLION POUNDS

Tesco's most lucrative non-UK assets are its businesses in SouthKorea and Thailand, which could be sold outright or made separate businesses with local management teams and listed locally. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth up to 5 billion pounds. Buyers could include Asian competitors such as Aeon (8267.T) and Lotte Shopping (023530.KS).

Tesco also has a smaller business in Malaysia.

EUROPE BUSINESS: 3-4 BILLION POUNDS

Tesco has businesses in Poland, Hungary, Czech Republic and Slovakia, but may struggle to sell them as there are few local players that might be buyers and its stores there are mainly large hypermarkets, which are falling out of fashion as shopping habits switch to local convenience operators and the Internet.

An alternative could be to try to persuade other European retailers such as privately-owned Rewe of Germany or Auchan of France to participate in an asset swap as Tesco did in 2005 when it swapped its Taiwan unit for Carrefour's (CARR.PA) Czech assets.

Carrefour could be interested in the Poland business, while Germany's Globus could buy in the Czech Republic.

Tesco said in May it had failed to reach a deal with unnamed third parties over its struggling business in Turkey.

Tesco also has a business in Ireland.

DUNNHUMBY: 1-2 BILLION POUNDS

The consumer data gathering company credited with helping Tesco become Britain's top retailer with its Clubcard loyalty could be partially or wholly sold, with private equity groups seen as potential buyers.

TESCO BANK: 1-2 BILLION POUNDS

Launched in 1997 as a joint venture with Royal Bank of Scotland (RBS.L), Tesco took full control of the bank in 2008 and now has 7 million customers and around 4,000 staff. It launched current accounts earlier this year.

ONE STOP: 490 MILLION POUNDS

Tesco's smallest convenience store format that it bought in 2003.

DOBBIES GARDEN CENTRES: 180 MILLION POUNDS

The garden center chain Tesco bought for 150 million pounds in 2008.

GIRAFFE AND HARRIS AND HOOLE: 52 MILLION POUNDS

Tesco could review the strategy championed by former CEO Phil Clarke to fill unused space in its sprawling hypermarkets with the Giraffe restaurants it bought for 49 million pounds in 2013, Euphorium artisan bakeries and Harris + Hoole cafes. It has a minority stake in Harris + Hoole.

BLINKBOX

The loss-making video streaming service Tesco bought in 2011 is considered non-core by Lewis and TalkTalk (TALK.L) is in advanced talks to buy it, according to a source familiar with the matter.

EXCESS LAND/HYPERMARKET SPACE

Tesco is already reducing the amount of new store space it builds each year, building fewer large stores. Where it no longer intends to develop sites, it will sell them, lease them or develop them for housing.

CORPORATE JETS

Tesco has said it plans to sell its fleet of five corporate jets.

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