Walmart has announced that Asda is to be acquired by Issa Brothers and TDR Capital:
“Walmart Inc. (‘Walmart’), Asda Group Limited (‘Asda’), the Issa brothers and TDR Capital announced that the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, have together agreed to acquire Asda, Walmart’s wholly-owned UK business, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis.”
P.S. Walmart continues to pursue overseas opportunities and is investing in strong executive leadership for its international division. Are you interested in selling your products in other countries? Our experts can help. Contact us today to schedule an appointment.