Monday, September 28, 2020

Asda takeover: TDR-backed EG Group in pole position for £6.5bn deal

Billionaire owners of British petrol forecourts operator are Walmart’s preferred bidder

The billionaire owners of the British petrol forecourts operator EG Group have taken pole position in the £6.5bn race for control of Asda after being named the preferred bidder by the supermarket’s US owner.

Mohsin and Zuber Issa, who are working with the private-equity firm TDR Capital, have pushed out a rival offer from the private-equity firm Apollo Global Management.

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from Mergers and acquisitions | The Guardian https://ift.tt/2EIyeGM

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