According to The Sunday Times, the US private equity giant, whose past investments include Alliance Boots, is working with former Asda boss Tony De Nunzio on a possible approach. He is now a senior adviser to KKR and the report suggested he would become Chairman of Asda in the event of an acquisition. [more for NamNews readers]
- From a NAMs-eye-view, the issue is the probability of new private equity-based majority ownership of Asda…
- …meaning sale & leaseback of outlets.
- …P&L by outlet…
- …all adding up to finance-based buying…
- …quite apart from an Amazon wanting to buy an inexpensive Sainsbury’s via the petty-cash box…
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