
Britain’s Issa brothers and private equity group TDR Capital must address the competition regulator’s concerns that their purchase of the Asda supermarket chain could lead to higher fuel prices to avoid the deal being referred for an in-depth probe.
The Competition and Markets Authority (CMA) stated on Tuesday, April 20, that Zuber and Mohsin Issa and TDR’s purchase of a majority stake in Asda from United States giant Walmart could lead to higher petrol prices in some parts of the United Kingdom.
The brothers and TDR completed the £6.8 billion (US$9.5 billion) deal in February, having agreed it in October.
In a separate deal in February, EG Group, which is also owned by the brothers and TDR, agreed to buy Asda’s 323 petrol stations for £750 million.
The Asda petrol forecourts sale, under which the stations will continue to be Asda-branded, was considered by the CMA as part of its review of the Asda acquisition.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon