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Private equity firm TDR Capital purchases Asda co-owner Zuber Issa’s stake

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June 7, 2024
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A major development has occurred in the retail industry as one of the key co-owners of Asda, Zuber Issa, has sold his stake to private equity firm TDR Capital. This transaction results in TDR becoming the majority owner of the supermarket group, with a controlling 67.5% stake. The deal is expected to be finalized in the third quarter of this year, according to a statement released by Asda.

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