New Asda owners agree £3.5bn debt deal and petrol stations sale

The new owners of Asda have said they will take on around £3.5 billion of debt financing, sell its petrol station business and intend to sell distribution sites once the takeover of the supermarket group clears regulators. Photo: Rui Vieira/PA

The new owners of Asda have said they will take on around £3.5 billion of debt financing, sell its petrol station business and intend to sell distribution sites once the takeover of the supermarket group clears regulators.

In October, the billionaire Issa brothers, behind petrol forecourt firm EG Group and TDR Capital, secured a £6.8 billion deal to take control at Asda.