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Jun 7, 2024 · TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021. Since then, together with the other shareholders, TDR has supported Asda to accelerate its strategy, with a particular focus on delivering low prices to customers and expanding into the fast-growing convenience retail segment.
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. This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc.
Jun 7, 2024 · 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 £ ...
Jun 7, 2024 · When the transaction is completed, TDR Capital will own 67.5% of Asda, with Mohsin Issa owning 22.5% of the grocer and former majority owner Walmart holding a 10% stake. The private equity firm bought the business alongside the two Issa brothers in June 2021. The firm said, alongside the Issa brothers, it has “supported Asda to accelerate its ...
- Hugh Radojev
Feb 16, 2021 · The Issa brothers and TDR Capital have acquired a majority ownership stake in Asda, while Walmart will retain an equity investment in the business, with an ongoing commercial relationship and a seat on the Board. The transaction received approval from the FCA on 8 th February 2021 and all deal conditions have been met in full.
Feb 16, 2021 · Walmart Inc. (“Walmart”), Asda Group Limited (“Asda”), the Issa brothers and TDR Capital have today 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 completed the acquisition of Asda, Walmart’s ...
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Jun 7, 2024 · Private equity firm TDR Capital LLP said on Friday it agreed to acquire Zuber Issa’s shares in Leeds-based supermarket giant Asda, taking its ownership of Asda to 67.5%. The transaction is set to complete in Q3 of 2024. Zuber’s brother Mohsin Issa remains a co-owner in Asda with a 22.5% stake. Walmart Inc retains 10%.
