Slaughter and May is advising Walmart on proposed sale of Asda

Slaughter and May is advising Walmart Inc. (Walmart) on the proposed sale of a majority stake in Asda Group Limited (Asda), a wholly-owned subsidiary of Walmart, to a consortium comprising the Issa brothers and TDR Capital. The enterprise value of the transaction is £6.8 billion, calculated on a debt-free and cash-free basis.

Walmart will retain an equity investment in Asda, and remain a strategic partner for the Asda business post completion.

The transaction is conditional upon certain regulatory approvals, and the expectation is that it will complete in H1 2021.

Sally Wokes Partner
Claire Jackson Partner
Oliver Gratton Associate
Thomas Whitney Associate

Emily Galvin / Trainee, Andy Goodworth / Trainee, William Parr / Trainee, Amelia Wrigley / Trainee

Pensions, Employment and Incentives
Charles Cameron Partner
Chris Sharpe Partner
Rachel Hunter Associate

Emily AlHamarneh / Trainee

David Ives Partner
Matthew Harman Associate

Nick Gill / Trainee


Richard Liu / Trainee

Real Estate
Jane Edwarde Partner - Real Estate

Daisy Jones / Trainee

Steve Edge Senior Consultant
Charles Osborne Partner
Deeksha Rathi Associate
Financial Regulation