Zuber Issa sold 22.5% of Asda stake to TDR Capital, increasing their ownership to 67.5%, while Walmart retains 10%.
Zuber Issa has sold his 22.5% stake in UK supermarket Asda to private equity firm TDR Capital, raising its ownership stake to 67.5%. The deal sees TDR Capital and Mohsin Issa owning Asda, with Walmart retaining a 10% share. Zuber Issa will step down as co-CEO of EG Group, which he co-founded with his brother Mohsin, after agreeing to buy its remaining UK forecourt business and food service sites for £228m.
June 07, 2024
7 Articles