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Published reports say that the owners of Italian supermarket chain Esselunga have confirmed that the company, which generates around $7 billion (US) in annual revenue, is on the sales block.

However, they are not confirming another report – that UK-based Tesco already has acquired 49 percent of the company. Tesco also is not commenting on the report,

A press conference, at which the impending (or completed) sale will be discussed, is scheduled for Friday.
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