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, enabling substantial synergies and access to the ‘out of home’ food market. The Tesco Group also includes Tesco Bank, which provides banking, insurance and money services; Tesco Mobile, a joint venture with

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nutrition and health products, as rising disposal income, changing lifestyles from urbanization and greater awareness of health and wellness issues have led to substantial growth in demand for its products

Company or the group of companies in relation to the business group of the majority shareholder. If the business structures of the Company or the group of companies call for substantial competition