UK businessmen the Issa brothers and private equity firm TDR Capital are buying a majority share in the U.K. grocery giant.
October 02, 2020 at 08:12 AM
1 minute read
Reporter
Slaughter and May, Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom have taken lead roles on the £6.8 billion takeover of Walmart-owned U.K. grocery giant Asda.
Private equity firm TDR Capital, alongside U.K. businessmen the Issa brothers – owners of petrol station company EuroGarages Group – placed a successful bid to acquire Asda from U.S. parent company Walmart, according to a statement by Asda.
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