Overview
Description
Tesco PLC Sponsored ADR represents a type of financial instrument that enables U.S. investors to invest in Tesco PLC, a leading multinational grocery and general merchandise retailer headquartered in the United Kingdom. The ADR, or American Depositary Receipt, facilitates Tesco's shares being traded on U.S. stock exchanges, providing access to a broader investor base outside its native UK market. Tesco PLC is renowned for its large-scale operations in the retail sector, offering a wide array of products, from food and beverages to clothing and electronics. By providing this ADR, Tesco broadens its capital-raising capabilities and increases its visibility among American investors while offering them an opportunity to benefit from the company's performance without dealing with foreign trading complexities. This ADR thus plays a crucial role in bridging international financial markets, promoting cross-border investment, and enhancing the company's international shareholder reach.
About
CEO
Employees
0
Address
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Phone
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Website
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Instrument type
Common stock
Sector
Industry
Country
Germany
MIC code
XDUS