Asda bought by billionaire Issa brothers in £6.8bn deal

Asda bought by billionaire Issa brothers in £6.8bn deal

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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.

The Issa…

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