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Walmart sells UK grocer Asda for $8.8 billion

Walmart has sold its UK grocery chain Asda in an $US8.8 billion deal, Asda announced on Friday. The buyer consortium included private equity firm TDR Capital and Euro Garages owners the Issa brothers. Walmart will retain an equity investment in the business, but TDR Capital and the Issa brothers will […]
Walmart sells UK grocer Asda for $8.8 billion