Supermarket giant ASDA has been sold for £6.8bn, it has been reported.American-owned Walmart has accepted an offer from a consortium of Zuber and Mohsin Issa and private equity firm TDR Capital, meaning the supermarket chain will be majority owned by UK firms for the first time in over 20 years.
Burnley brothers Zuber and Mohsin Issa, who were raised in a terraced house in Blackburn, are self-made billionaires, who made their fortune through petrol stations.Roger Burnley, chief executive officer of Asda, said: "This new ownership opens an exciting new chapter in Asda’s long heritage of delivering great value for UK shoppers."With our combined investment, expertise and ambition, Asda, Walmart, the Issa brothers and TDR have an incredible.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.