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     thisismoney.co.uk

     • Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn. A consortium of Zuber and Mohsin Issa and private equity firm TDR Capital will take a majority stake in Asda. It means the grocer will return to majority UK ownership for the first time in two decades.
     Reference:

     Asda bought by billionaire Issa brothers in £6.8bn deal

2. People also ask

   Does Mohsin Issa own Asda?

   • Mohsin Issa remains a co-owner in Asda alongside TDR Capital. This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc. The transaction is set to complete in Q3 2024. TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021.

   TDR Capital to become majority owner of Asda

   corporate.asda.com/newsroom/2024/07/06/tdr-capital-to-become-majority-owner-of-asda

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   Who owns Zuber Issa?

   • Funds managed by TDR Capital have agreed to acquire Zuber Issa’s shares in the Leeds-headquartered chain. Mohsin Issa will remain a co-owner of Asda alongside TDR Capital. The move means that the private equity giant now has a stake of 67.5 per cent in the supermarket while Mohsin Issa will hold 22.5 per cent.

   Billionaire Issa brothers split up as Asda takeover announced - City A.M

   www.cityam.com/billionaire-issa-brothers-split-up-as-asda-takeover-announced/

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   Who are Zuber and Mohsin Issa?

   • Two UK billionaire brothers - who made their money in petrol stations - have struck a £600m deal to expand their fuel forecourt empire. Zuber and Mohsin Issa's EG Group, which owns Britain's third largest supermarket, Asda, agreed to buy the Co-op's 129-strong petrol forecourt business.

   Who are the billionaire Issa brothers? - BBC News

   www.bbc.co.uk/news/business-54343391

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   Who is Mohsin Issa?

   • One half of the billionaire Issa brothers has sold his stake in Asda to the private equity giant the pair partnered with to secure its £6.5bn takeover in 2021. Funds managed by TDR Capital have agreed to acquire Zuber Issa’s shares in the Leeds-headquartered chain. Mohsin Issa will remain a co-owner of Asda alongside TDR Capital.

   Billionaire Issa brothers split up as Asda takeover announced - City A.M

   www.cityam.com/billionaire-issa-brothers-split-up-as-asda-takeover-announced/

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   Who owns Asda?

   • Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Zuber Issa, who owns Asda with his brother Mohsin, has agreed to sell his stake in the British supermarket chain to co-owners TDR Capital in a deal that will make the private equity firm the majority owner of the business.

   TDR to acquire majority stake in Asda as Issa brothers split empire

   www.ft.com/content/748d864e-41c2-4faf-bd61-7ae49c9f1a9b

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   Who owns Asda & Zuber?

   • Mohsin, who runs Asda day to day, has a 22.5 per cent stake, while TDR will own 67.5 per cent of the company after the deal to buy Zuber ’s 22.5 per cent stake — estimated to be worth about £500mn — completes in the third quarter of this year.

   TDR to acquire majority stake in Asda as Issa brothers split empire

   www.ft.com/content/748d864e-41c2-4faf-bd61-7ae49c9f1a9b

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3. www.bbc.com › news › business-54383131Asda bought by billionaire Issa brothers in £6.8bn deal - BBC

   www.bbc.com › news › business-54383131

   • Cached

   Oct 2, 2020 · Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn. A consortium of Zuber and Mohsin Issa...

   • Issa brothers to split as Asda share sale announced - BBC

     Zuber and Mohsin Issa, from Blackburn, bought Asda from...

4. www.bbc.co.uk › news › business-54343391Who are the billionaire Issa brothers? - BBC News

   www.bbc.co.uk › news › business-54343391

   • Cached

   Aug 31, 2022 · Zuber and Mohsin Issa's EG Group, which owns Britain's third largest supermarket, Asda, agreed to buy the Co-op's 129-strong petrol forecourt business.

5. Videos

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     2:58

     youtube.com

     ASDA : INTERVIEW - ISSA BROTHERS, EURO GARAGES GROUP - BLACKBURN ON ACQUIRING ASDA. MOHSIN & ZUBER

     Oct 3, 2020

     43.3K Views

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     1:36

     bbc.co.uk

     Asda bought by billionaire Issa brothers in £6.8bn deal

     Oct 2, 2020

   • 

     1:36

     bbc.com

     Mohsin Issa: Asda and EG have shared northern values

     Oct 2, 2020

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6. www.ft.com › content › 748d864e-41c2-4faf-bd61-7ae49TDR to acquire majority stake in Asda as Issa brothers split ...

   www.ft.com › content › 748d864e-41c2-4faf-bd61-7ae49

   Jun 7, 2024 · Zuber Issa, who owns Asda with his brother Mohsin, has agreed to sell his stake in the British supermarket chain to co-owners TDR Capital in a deal that will make the private equity firm...

7. corporate.asda.com › newsroom › 2024/07/06TDR Capital to become majority owner of Asda

   corporate.asda.com › newsroom › 2024/07/06

   • Cached

   Jul 6, 2024 · Funds managed by TDR Capital LLP, a leading UK-based private equity firm, have today announced that they have agreed to acquire Zuber Issa’s shares in Asda. Mohsin Issa remains a co-owner in Asda alongside TDR Capital.

8. www.bbc.co.uk › news › business-54383131Asda bought by billionaire Issa brothers in £6.8bn deal

   www.bbc.co.uk › news › business-54383131

   • Cached

   Oct 2, 2020 · Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn. A consortium of Zuber and Mohsin Issa...

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9. www.bbc.com › news › articlesIssa brothers to split as Asda share sale announced - BBC

   www.bbc.com › news › articles

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   Jun 8, 2024 · Zuber and Mohsin Issa, from Blackburn, bought Asda from Walmart in 2020 in a £6.8bn deal with the backing of TDR Capital. Walmart still holds a 10% stake.

10. www.cityam.com › billionaire-issa-brothers-splitBillionaire Issa brothers split up as Asda takeover announced

    www.cityam.com › billionaire-issa-brothers-split

    • Cached

    Jun 7, 2024 · One half of the billionaire Issa brothers has sold his stake in Asda to the private equity giant the pair partnered with to secure its £6.5bn takeover in 2021. Funds managed by TDR Capital have...