Zuber Issa has exited Asda and sold his stake to the private equity firm TDR Capital. This move ends the close partnership between the Issa brothers and gives TDR Capital majority control of one of Britain's largest supermarket chains. The decision also marks a formal split of the Issa brothers' business empire, which includes the EG Group, where Zuber Issa also stepped down as Co-CEO. The transaction is seen as a significant shift in the ownership structure of Asda and comes amid a family rift.
🇬🇧 Zuber Issa sells Asda stake to TDR Capital https://t.co/vvITZ5G2tt
🇬🇧 TDR to acquire majority stake in Asda as Issa brothers split empire https://t.co/iNCTaBiX8x
🇬🇧 Asda: Zuber Issa sells stake as TDR becomes majority owner https://t.co/t0YXBlLWLF
🇬🇧 Private equity firm TDR Capital becomes Asda majority owner https://t.co/e51XfRJyUn
🇬🇧 Asda-owning Issa brothers divide their empire as Zuber sells supermarket stake https://t.co/wMDHUAV3ek
🇬🇧 What Issa brothers changes mean for Asda and the EG Group https://t.co/16lHCWeNDP
🇬🇧 Family feud sees brothers who bought Asda go their separate ways https://t.co/dlOCcVM7Dc
Billionaire brothers behind Asda carve up business empire https://t.co/GHo3okEs5e
Family feud sees billionaire brothers who bought Asda go their separate ways https://t.co/abh0MMi7d8 https://t.co/riCW54u0Mc
Asda-owning Issa brothers divide their empire as Zuber sells supermarket stake https://t.co/rJ8xaoFPTe
A key co-owner of Asda has sold his stake to a private equity company, making it the majority owner. 🔗 Read more https://t.co/EjyD8Wda97
TDR to acquire majority stake in Asda as Issa brothers split empire via @LauraOnita @william_louch @FT #PrivateEquity https://t.co/fk9ZFcKHBD
UK's Asda says TDR Capital to become majority owner https://t.co/H9g7VIWp9d https://t.co/Qcw4qINtsG
Asda-owning Issa brothers go their separate ways amid family rift https://t.co/mfuMxhVJ9r
TDR to acquire majority stake in Asda as Issa brothers formalise split https://t.co/ZgBWBb6cy7
TDR Capital acquires gas-station billionaire Zuber Issa’s stake in Asda, giving the private equity firm majority control of one of Britain’s biggest supermarket chains https://t.co/mfnpNSQOI3
End of Issa brothers' close partnership as Zuber exits Asda, quits as EG Group Co-CEO https://t.co/kpPY1QP2yg
BREAKING: Zuber Issa exits Asda as private equity firm TDR Capital increases stake https://t.co/GYlUy4gKXs
The billionaire Issa brothers have turned to AI to improve boardroom decision-making at Asda, as they aim to reverse a slump in sales at the struggling supermarket https://t.co/rqK2XuQh9w
TotalEnergies SE UK Regulatory Announcement: Transaction in Own Shares https://t.co/HUAW2awxlG https://t.co/9LQOyEGnS3