Asda response to CMA announcement on its acceptance of undertakings in lieu and lifting of Initial Enforcement Order ‘Hold Separate’

Asda welcomes today’s confirmation from the Competition and Markets Authority (CMA) that it has accepted the undertakings in lieu put forward by the Issa brothers and TDR Capital in relation to their acquisition of Asda.

The CMA’s confirmation enables the Issa Brothers and TDR Capital to start working with the Asda management team to deliver the strategy.

Asda CEO and President, Roger Burnley, said: “We welcome today’s announcement from the CMA, which means we can now fully embark on the next stage of our journey under new ownership and work with Mohsin, Zuber and TDR to build an even stronger Asda that gives our customers outstanding choice, value and service in our stores and online.”