Supermarket giant Asda to be sold to billionaire Issa brothers for £6.8billion
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mirror.co.ukBillionaire petrol station tycoons, the Issa brothers, have confirmed plans to buy Asda for £6.8billion. The deal means the supermarket's fuel arm will be sold to Euro Garages group for £750million while it will also take out £3.5billion in new debt to finance the acquisition.
US giant Walmart, which has owned Asda since 1999, will retain a minority interest in the Big four grocer. However, it's the first time the chain will be in British ownership in more than two decades.
The forecourts will continue to be branded under the 'Asda' umbrella, a spokesman said. "Asda is an iconic British business that we have known and loved since we were children," Mohsin and Zuber Issa said. "We are proud to bring its ownership back to the UK and
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