Walmart sells Asda, UK's supermarket giant, to Lancashire-based Issa Brothers in £6.8 billion deal
Shortpedia
Content Team
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Walmart, the US-based retail giant, will relinquish its control over UK's supermarket tycoon Asda. The company has sold the company to Lancashire-based Issa brothers in a deal which amounted to £6.8 billion. This would be the first time after 20 years when the ownership of Asda would be reclaimed by British entities. Mohsin and Zuber Issa, better known as Issa brothers, head the petrol forecourt firm EG Group.
