https://www.reuters.com/article/us-asda-walmart-m-a-idUSKBN26J1QB

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(Reuters) - Walmart Inc has picked the founders of UK petrol station operator EG Group and private equity firm TDR Capital as preferred bidder for British supermarket chain Asda at a valuation of more than 6.5 billion pounds ($8.4 billion), Sky News reported on Monday. FILE PHOTO: Branding is seen on a shopping trolley at an Asda store in west London, Britain, April 28, 2018. REUTERS/Toby Melville/File Photo. Having had its attempt to sell Asda to UK rival Sainsbury's SBRY.L for 7.3 billion pounds thwarted by Britain's competition regulator last year, Walmart said in July that it had resumed talks with potential buyers of a majority stake. A deal with Mohsin and Zuber Issa, the billionaire... Full story

28 September

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