U.K. CMA Serves Initial Enforcement Order on Asda Takeover

U.K.’s Competition and Markets Authority served an initial enforcement order to the takeover deal of grocer Asda by Issa brothers and TDR Capital, according to a filing.

• CMA is considering whether to make a reference of the deal for regulatory probe
• Order does not prohibit the completion of the transaction
• NOTE: An initial enforcement order requires companies to operate separately while the CMA reviews the deal
• NOTE: British Brothers Move Closer to Completing Leveraged Asda Deal

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Carla Canivete in London at ccanivete@bloomberg.net

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