• By Rhian Hunt
• 16 Mar, 2020

Walmart began the second round of bidding today for Asda, a chain of UK supermarkets owned by the U.S.-based retail titan, according to company sources. Three private equity firms are currently in the running to make bids on the brand. These include TDR Capital, Lone Star Funds, and Apollo Global Management, Inc., all three of which participated in the first round of bidding when Adsa first went on the block. Asda controls approximately 15% of the British grocery market.
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