Asda owners respond to CMA Phase 1 decision
Today, 20th April 2021 the CMA have published their decision in respect of their Phase 1 investigation into the acquisition of Asda by the Issa Brothers and TDR Capital Ltd.
The owners of Asda, the Issa Brothers and TDR Capital Ltd have made the following statement in response to the CMA’s decision.
Spokesperson for the Issa brothers and TDR Capital: “We will be working constructively with the CMA over the course of the next 10 days in order to arrive at a satisfactory outcome for all parties within Phase 1. This would provide welcome certainty for our colleagues, suppliers and customers, and allow us to move forward with our exciting plans for investment and growth at Asda.”