© Reuters. FILE PHOTO: An Asda store in west London, Britain, April 28, 2018. REUTERS/Toby Melville/File Photo
LONDON (Reuters) – Asda, the British supermarket chain, and EG Group have terminated a deal that would have seen EG buy Asda’s petrol forecourts for 750 million pounds ($1.03 billion), both companies said on Monday.
Both Asda and EG are owned by Zuber and Mohsin Issa and private equity group TDR Capital.
The decision to terminate the deal, struck in February, followed changes to the financial evaluation of the proposed transaction, Asda and EG said.
($1 = 0.7281 pounds)
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