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
Mr. Ken Murphy
Employees
340000
Address
Tesco House
Shire Park Kestrel Way
Welwyn Garden City, AL7 1GA
Shire Park Kestrel Way
Welwyn Garden City, AL7 1GA
Phone
44 330 6780 639
Website
Instrument type
American depositary receipt
Sector
Consumer Defensive
Industry
Grocery Stores
Country
Germany
MIC code
XDUS