UK supermarket giant Tesco plans to buy out the remaining stake in its Thai subsidiary Tesco Lotus Supercentre.

Charoen Pokphand Group will reduce its stake in Tesco Lotus from 7% to less than 5% this year.

Tesco already owns more than 90%, and said that the move to take overall control affirms its long-term commitment to Thailand in the wake of the current bird flu virus, reported Thai News Service.