KKR Mulls Bid for U.K. Retailer Asda -Sunday Times
February 25 2019 - 6:38AM
Dow Jones News
--U.S. private-equity firm KKR is eyeing a takeover of
supermarket chain Asda Group, the Sunday Times reports, citing
senior sources.
--The British weekly says said the deal under consideration
would have Asda's current owner Walmart keep a substantial minority
stake in the grocer in order to keep the price tag manageable and
benefit from Walmart's purchasing power.
--The news comes after the U.K.'s competition watchdog said last
week it was considering vetoing the proposed merger between J
Sainsbury and Asda.
Full story: https://bit.ly/2T0DDyG
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(END) Dow Jones Newswires
February 25, 2019 06:23 ET (11:23 GMT)
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