Zuber Issa is looking to sell his 22.5% stake in Asda for more than £500m.
Issa co-owns Asda alongside his brother, Mohsin Issa, and TDR Capital, the private equity firm, after buying the supermarket chain in a debt-fuelled £6.8bn deal three years ago.
It has been reported Issa has approached retailers and private equity firms, as he aims to focus on other areas of his business empire, such as EG Group, the petrol stations business.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
