Walmart completes sale of Asda to Issa brothers for £6.8bn

Asda petrol station

Walmart has completed the sale of UK grocery chain Asda to global convenience and forecourts retail business co-founders the Issa brothers for £6.8bn.

Under the new ownership structure, the co-founders and co-chief executives of EG Group, Mohsin and Zuber Issa, and investment vehicle TDR Capital will take a majority ownership stake in Asda. 

Walmart will retain an equity investment and a seat on the Asda board as part of an “ongoing commercial relationship”. 

Asda will continue to be led by current chief executive Roger Burnley, who will form part of the retailer’s board “alongside representatives appointed by the Issa brothers, TDR Capital and Walmart”. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.