date:May 31, 2023
w Asda to serve an estimated combined base of around 21 million customers each week.
Natural step for both businesses
Following the completion of the transaction, Asda plans to invest more than 150 million (US$185 million) within the next three years to integrate the combined business fully.
As part of the deal, the shareholders provide 450 million (US$558.6 million) of additional equity to fund the transaction.
The acquisition is expected to strengthen Asdas financial profile with the cont