Asda bought from Walmart by UK billionaire brothers in £6.8bn deal

Published: 2 October 2020

Post Desk : The sale brings Asda back under British ownership for the first time since 1999
The billionaire brothers behind one of Britain’s biggest petrol station operators have bought Asda from Walmart in a £6.8bn deal.

that a consortium led by Mohsin and Zuber Issa, the bosses of Blackburn-based EG Group, and TDR Capital, the London private equity firm, had been selected by the American retail giant as the preferred bidder to takeover the supermarket chain.