The co-founders of EG Group and TDR Capital have moved into pole position in the race to buy Asda.
The consortium has been selected by Asda’s current owner Walmart as the preferred bidder, according to Sky News, and a deal valuing the grocer at more than £6.5bn could be formally announced within weeks.
EG Group’s owners, brothers Moshin and Zuber Issa, have built one of the UK’s largest petrol station operators.
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