TDR Capital Becomes Majority Owner of Asda
November 1, 2024
TDR Capital has acquired Zuber Issa's shares in Asda and become the majority shareholder with 67.5% ownership, while Mohsin Issa and Walmart remain co-shareholders. TDR said it will continue to work with Asda management to drive long-term growth, focusing on low prices, expanding convenience retail and investing in stores and online.
- Buyers
- TDR Capital
- Targets
- Asda
- Sellers
- Zuber Issa
- Industry
- Retail
- Location
- West Yorkshire, United Kingdom
- Transaction Type
- Buyout
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