Competition watchdog greenlights Issa brothers’ Asda takeover
The Competition and Markets Authority (CMA) has greenlit the Issa brothers and TDR Capital takeover of Asda, allowing the new owners to push forward with their new strategy for the grocery giant.
The CMA has accepted the Issa brothers’, who are the co-owners of petrol forecourt business EG Group, offer to sell 27 of its petrol stations to lessen competition concerns, smoothing the way for their £6.8bn acquisition of Asda to be completed.
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