Sale of supermarket chain to petrol station billionaires Mohsin and Zuber Issa announced in October
The competition watchdog is investigating the £6.8bn takeover of Asda by a private equity consortium fronted by the Blackburn-based petrol station billionaires Mohsin and Zuber Issa.
The deal is the second attempt by US retail giant Walmart to sell the Leeds-based supermarket chain. Last year the Competition and Markets Authority (CMA) blocked the first try – an audacious attempt to merge Asda with larger rival Sainsbury’s that would have created a new market leader.
