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Walmart sells Asda to EG-TDR consortium for $8.8 bn
Reuters
Last Updated IST
Walmart. Credit: Reuters Photo
Walmart. Credit: Reuters Photo

Walmart Inc has agreed to sell its British supermarket chain Asda to private equity group TDR Capital and the founders of petrol station operator EG Group for 6.8 billion pounds ($8.8 billion), it said on Friday.

Chief Executive Roger Burnley will continue to lead the company

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(Published 02 October 2020, 16:51 IST)