Asda Group has announced the completion of acquiring EG Group’s UK business for an enterprise value of £2.07 billion, marking a major strategic step in growing its convenience and foodservice offerings. This acquisition accelerates Asda’s reach, bringing their value pricing model to millions more across the UK. Expanding Asda’s Reach Through Strategic Acquisitions The purchase […]
British supermarket chain Asda Group has announced the acquisition of convenience and fuel retail company EG Group’s UK and Ireland operations for an enterprise value of £2.27 billion. The deal, led by the Issa brothers, investment funds managed by TDR Capital LLP, and Walmart, will see Asda bolster its presence in the convenience and fuel […]
Walmart has agreed to divest a majority stake in British supermarket retailer Asda to the Issa brothers and investment funds managed by TDR Capital for an enterprise value of £6.8 billion. The Issa brothers are founders and co-CEOs of EG Group, a UK-based convenience and forecourts retailer. Walmart will hold on to an equity investment […]