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TDR Capital-backed Asda Group completed the acquisition of UK and Ireland operations from EG Group for £2.07bn.

Synopsis

TDR Capital-backed Asda Group, a supermarket chain, completed the acquisition of UK and Ireland operations from EG Group, a retailer which operates filling stations, convenience stores and fast-food restaurants, for £2.07bn ($2.5bn). “This is a great day for Asda and for millions of UK consumers. Asda is a much-loved brand that is instantly recognised for great value. I could not be more proud or excited that the iconic Asda sign is now coming to hundreds more communities," Mohsin Issa, Asda Co-Owner.

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