Asda takeover: Meet the British supermarket giant’s new private equity owner
Asda takeover: Meet the British supermarket giant’s new private equity owner
Posted by Obvious_Initiative40
Asda takeover: Meet the British supermarket giant’s new private equity owner
Asda takeover: Meet the British supermarket giant’s new private equity owner
Posted by Obvious_Initiative40
7 Comments
Asda about to be asset stripped and run in to the ground
I thought they had just been asset stripped by the brother owners?
This will obviously not be a slow-rolling multi car-crash in any way at all.
They’ve already been doing it… Sold off the petrol stations and convenience stores.
Wonder what’s next
The previous owners must have left the copper wire in the walls behind. Rookie error.
Is this any surprise? TDR has had a stake in the Issa Brothers owned EG Group for a while. The Issa Brothers just wanted Asda for the Petrol Stations; once they’d incorporated them or sold them on this was always going to happen.
> After Zubar Issa sells his shares, in a deal that is expected to complete in the third quarter of 2024, Asda will be 67.5 per cent owned by TDR Capital while Mohsin Issa will hold 22.5 per cent and a further 10 per cent will be held by former owner [Walmart](https://www.cityam.com/walmart-shares-hit-all-time-high-on-solid-holiday-quarter-sales/).