PropertyEU

Issa brothers and TDR acquire UK's Asda in €7.5b deal

By Isobel Lee 2020-10-05T00:00:00

Issa brothers shop for Asda

The Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, and investment funds managed by private equity firm TDR Capital, have together agreed to acquire Asda, Walmart’s wholly-owned UK business, for £6.8 bn (€7.5 bn).

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