Walmart Inc has picked the founders of UK petrol station operator EG Group and private equity firm TDR Capital as preferred bidder for British supermarket chain Asda at a valuation of more than 6.5 billion pounds ($8.4 billion), Sky News reported on Monday.
has picked the founders of UK petrol station operator EG Group and private equity firm TDR Capital as preferred bidder for British supermarket chain Asda at a valuation of more than 6.5 billion pounds , Sky News reported on Monday.
A deal with Mohsin and Zuber Issa, the billionaire brothers who founded EG Group nearly two decades ago, and TDR would bring Asda back under British ownership for the first time since 1999, when Walmart paid 6.7 billion pounds for the business.TDR, EG Group and Asda declined to comment.
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