Asda, Corporate governance, Private equity, Supermarkets, Retail industry, Business, UK news, Walmart, Petrol prices, Bonds Business | The Guardian
Union warns of risks to shoppers and staff after sale of younger brother’s 22.5% stake to private equity co-owner TDR CapitalThe billionaire brothers who part-own Asda are separating their main business interests, with Zuber Issa selling his shares in the supermarket to the private equity firm TDR Capital.Zuber owned 22.5% of the Leeds-based grocery chain after a £6.8bn takeover alongside his older brother Mohsin and TDR three years ago. The sale of his stake had been expected for months, but was thought to have been complicated by lock-in agreements. Continue reading…
Union warns of risks to shoppers and staff after sale of younger brother’s 22.5% stake to private equity co-owner TDR Capital
The billionaire brothers who part-own Asda are separating their main business interests, with Zuber Issa selling his shares in the supermarket to the private equity firm TDR Capital.
Zuber owned 22.5% of the Leeds-based grocery chain after a £6.8bn takeover alongside his older brother Mohsin and TDR three years ago. The sale of his stake had been expected for months, but was thought to have been complicated by lock-in agreements.
