Asda co-owner Zuber Issa close to selling £500m stake

Asda co-owner and billionaire Zuber Issa is reportedly edging closer to securing a deal to sell his £500m stake in the grocer to private equity firm TDR Capital.

Issa’s 22.5% stake would give TDR majority control over the supermarket and could be announced in “the coming weeks”.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now