Two bidders in running to snap up Walmart-owned chain as Lone Star drops out The private-equity firm Apollo Global Management is thought to have edged into the lead in the £6.5bn bidding war for Asda after its rival Lone Star Funds dropped out. It is believed that a third bid from private equity firm TDR Capital remains in the running - the group is understood to have been working on a deal with the billionaire Issa brothers, who are behind the British forecourts operator EG Group.
Two bidders in running to snap up Walmart-owned chain as Lone Star drops out The private-equity firm Apollo Global Management is thought to have edged into the lead in the £6.5bn bidding war for Asda after its rival Lone Star Funds dropped out. It is believed that a third bid from private equity firm TDR Capital remains in the running - the group is understood to have been working on a deal with the billionaire Issa brothers, who are behind the British forecourts operator EG Group.
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