Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

Walmart sells Asda for $8.8 bn

Tribune Web Desk

Updated At : 12:36 PM Oct 03, 2020 IST

London, October 2

The British billionaire Issa brothers and TDR Capital have agreed to buy the British supermarket chain Asda from Walmart for $8.8 billion. The deal will enable Mohsin and Zuber Issa, who founded petrol station operator EG Group nearly two decades ago, to take Asda back under British ownership for the first time since 1999, when Walmart paid £6.7 billion for the business.

Walmart will retain an unspecified equity investment in the business, an ongoing commercial relationship and a seat on the Board. — Reuters

Live Matches

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

Walmart sells Asda for $8.8 bn

Tribune Web Desk

Unlock Exclusive Insights with The Tribune Premium

Live Matches