No go: In this file photo, customers are seen coming and going at a branch of Asda supermarkets in south London. EG Group and Asda have decided to call off their transaction involving the supermarket chain’s petrol forecourt business. ― AFP
LONDON: EG Group, the gas station operator whose owners bought Asda from Walmart Inc, has called off plans to purchase the United Kingdom supermarket chain’s petrol forecourt business.
EG Group and Asda terminated the planned £750mil (US$1bil or RM4.2bil) sale after the sharing of commercial information, the companies said in emailed statements.
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