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Asda, with Walmart retaining "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship". The deal came after a merger with Sainsbury's was rejected by the Competition and Markets Authority in April 2019. TDR Capital became the majority owner of Asda in November 2024 after buying Zuber Issa's 22.5 per cent holding, owning 67.5% of the company; Mohsin Issa owns a 22.5% stake but withdrew from running the company in

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