Report: Walmart Picks Winning Bidders for U.K. Unit Asda

Report: Walmart Picks Winning Bidders for U.K. Unit Asda

The future owners of Walmart's (NYSE: WMT) Asda chain of supermarkets in the U.K. have been selected. Several media outlets report the American retail giant has opted to sell its British unit to a consortium of investment management company TDR Capital and brothers Mohsin and Zuber Issa, the founders of the gas station operator EG Group. It is not yet clear how much the consortium will pay for Asda.