Deals
Buyout Firms Bid for Walmart’s U.K. Grocery Chain Asda
- Apollo, Lone Star, TDR invited to proceed to second round
- U.K. gas-station owner EG Group is teaming up with TDR
An employee checks the stock levels of an apple display in the fruit and vegetable section of an Asda supermarket in London.
Photographer: Simon Dawson/Bloomberg
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Walmart Inc. is proceeding with the planned sale of U.K. supermarket chain Asda after attracting initial bids from three buyout firms, even as tightening credit threatens to hamper debt-fueled dealmaking, people familiar with the matter said.