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Evening Standard

Business

Simon Hunt

FORGOTTEN HISTORY: Zuber issa exits asda as private equity firm tdr capital increases stake - The Untold Story

Zuber Issa Asda TDR Capital Mohsin Issa

Zuber Issa has exited Asda after selling his 22.5% stake in the supermarket to existing owners private equity firm TDR Capital, the company said today, in signs the billionaire Issa brothers’ are separating a significant chunk of their close business interests.

The deal brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart. The transaction is set to complete in Q3 2024. Asda did not disclose the terms of the sale.

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