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Private equity firm TDR Capital is closing on a deal to buy billionaire Zuber Issa’s stake in UK supermarket giant Asda, according to reports by Bloomberg. The agreement for Issa’s 22.5% stake would give TDR majority control and could be announced in weeks, people familiar with the discussions said. Through the deal, TDR’s holding in Asda would rise to about two-thirds, while the transaction would further the dismantling of the relationship between brothers Zuber and Mohsin Issa. The brothers partnered with TDR to buy Asda for £6.8 billion in 2020 from Walmart. Reports state that Zuber Issa began talks earlier this year regarding the sale of his stake in Asda, and that he plans to step back as co-CEO of EG Group, while his brother, Mohsin Issa, intends to withdraw the day-to-day control of Asda to focus on running EG Group. The Bloomberg report said: “A search to find a new CEO for Asda is already under way...according to people familiar with the matter”. Under the reported sale, Walmart will retain its 10% stake in the UK grocer, with Moshin Issa owning 22.5% and TDR owning the remainder. FoodBev approached representatives for TDR Capital and Asda, who both declined to comment. EG Group sold the majority of its UK and Ireland fuelling outlets to Asda last year for £2 billion, in a move which helped repair EG’s balance sheet but left the supermarket chain with heavy debt.