Tesco sells Dobbie Garden Centres for £217m
Tesco has sold its Dobbies Garden Centres business to an investor group led by Midlothian Capital Partners and Hattington Capital.
The supermarket will receive £217 million for the company.
Dave Lewis, Tesco chief executive, said: "It was a difficult decision to sell the business, but we believe this agreement will give Dobbies a bright future, while allowing our UK retail business to focus on its core strengths."
Tesco bought Dobbies Garden Centres in 2007 for £150 million and since then it has grown to become the UK's second largest specialist garden centre retailer, operating 35 garden centres across Scotland, England and Northern Ireland.
The supermarket said it will continue to offer customers a selection of home and garden products through its own stores and online.
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