Asda co-owner claims value of stake has risen 20-fold as it readies Boots bid

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Asda co-owner claims value of stake has risen 20-fold as it readies Boots bid
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London-based TDR Capital says investment in grocer is now worth £1.4bn on paper

Industry insiders said the £70m of fresh investment in the Asda buyout indicated by TDR’s documents could have been supplemented by proceeds from other investments including EG Group, the petrol forecourts business it also owns in partnership with the Issa brothers.

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