Zuber Issa Asda

Zuber Issa Nears Deal to Sell Asda Stake: What You Need to Know

Zuber Issa, co-founder of EG Group, is in talks to sell his stake in UK supermarket giant Asda to TDR Capital. Find out more here!

Zuber Issa, along with his brother Mohsin, made headlines when they acquired supermarket chain Asda from Walmart in a £6.8 billion deal last year with the backing of TDR Capital. Now, reports suggest that Zuber Issa is close to selling his 22.5% stake in Asda to private equity firm TDR Capital, signaling a major shift in ownership. Despite the potential sale, the Asda CFO reassured the public that the owners are committed for the long haul, highlighting the supermarket's strong 7.1% growth and reduction in net debt.

The deal with TDR Capital could see Zuber Issa stepping back as co-CEO of EG Group, the company behind Euro Garages. This move comes as TDR Capital moves closer to acquiring Issa's stake, potentially marking a significant transition in the supermarket giant's ownership. The Issa brothers, known for their successful ventures, are about to clinch a deal that could reshape the UK retail landscape.

In a surprising turn of events, TDR Capital seems to be finalizing the acquisition of Zuber Issa's stake in Asda after months of negotiations. This impending deal signifies a strategic move by TDR Capital to strengthen its presence in the UK retail market. As the billionaire Issa brother nears the sale, the implications for Asda's future direction and leadership structure loom large, raising curiosity and speculation among industry insiders.

In an industry where stakes and acquisitions are always in flux, Zuber Issa's potential divestment of his Asda stake to TDR Capital adds a new chapter to the ongoing saga of retail dynamics. Stay tuned for more updates as the deal approaches its final stages, setting the stage for a transformation in Asda's ownership landscape.