US retail giant Walmart is set to complete a £6.5billion sale of Asda on Friday. The 'big four' grocer' will be sold to a consortium comprising private equity firm TDR Capital and petrol station tycoons Mohsin and Zuber Issa.
The sale of a controlling stake in the supermarket giant will see it return to British ownership for the first time since 1999.
Walmart, which has been in talks to sell Asda for several years, is expected to seal the deal on Friday, according to Sky News.
It comes two months after the company revived talks with potential investors, after putting Asda's sale on hold due to the coronavirus pandemic.
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