Major new Asda announcement affects 24 UK stores View Image

Asda has agreed to sell a raft of supermarket stores and a depot in order to bolster its finances. The debt-laden grocery giant said it would secure £568 million through the sale of the sites, which it will then lease back and continue to operate.

Two separate buyers have agreed to purchase 24 stores in total and a depot run by the retailer. Asda stressed that all locations will continue to run as normal, with no changes for their workers.

Ten of the stores and an Asda depot in Lutterworth, Leicestershire, will be sold to US investment firm Blue Owl Capital, while a further 10 will be sold to Blue Owl’s joint venture with Supermarket Income REIT (real estate investment trust). Asda said a further four stores will be sold to

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