The billionaire brothers behind one of Britain’s biggest petrol station operators have bought Asda from Walmart in a £6.8bn deal.
Sky News exclusively revealed earlier this week that a consortium led by Mohsin and Zuber Issa, the bosses of Blackburn-based EG Group, and TDR Capital, the London-based private equity firm, had been selected by the American retail giant as the preferred bidder to takeover the supermarket chain.
The sale brings Asda back under British ownership for the first time since 1999, when Walmart paid £6.7bn for the business.
This article was originally published by Sky.com. Read the original article here.