Walmart sells Asda to EG-TDR consortium for $8.8 bln

Walmart Inc has agreed to sell its British supermarket chain Asda to private equity group TDR Capital and the founders of petrol station operator EG Group for 6.8 billion pounds ($8.8 billion), it said on Friday.

Chief Executive Roger Burnley will continue to lead the company. ($1 = 0.7744 pounds)