UK’s Issa brothers buy Asda with TDR Capital
Mohsin and Zuber Issa are taking Asda back under British ownership for the first time since 1999, when Walmart paid £6.7bn for it
02 October 2020 - 18:12
London — Britain’s billionaire Issa brothers and private equity group TDR Capital have bought Asda from Walmart in a deal which gives the British supermarket chain an enterprise value of $8.8bn and the buyers a platform to roll out smaller stores.
Mohsin and Zuber Issa, who founded petrol station operator EG Group nearly two decades ago, are taking Asda back under British ownership for the first time since 1999, when US retail giant Walmart paid £6.7bn for it...
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