2020: Walmart sells network for 6.8 billion pounds sterling
In October, 2020 the world's largest retail retail chain stores, the American Walmart, agreed about sale to the British supermarket chain Asda belonging to it for 6.8 billion pounds sterling (about 8.75 billion dollars), act as buyers TDR Capital investment company and founders of retailer EG Group - brothers Mohsin and Zuber Issa.
It is noted that within new structure of property brothers Issah and TDR Capital will hold Asda controlling stake, at this Walmart will save the investments into capital stock of the company, the commercial relations with it and the place in its Board of Directors.
 | "Brothers Issah with assistance of TDR Capital will support and accelerate implementation of the existing strategy of Asda which is based on ensuring low prices and conveniences to clients irrespective of the fact how they want to shop". |  |
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |