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M&A

Asda owner eyes Butlin’s takeover

It comes as Butlin's is being sold by Bourne Leisure, whose owner, private equity giant Blackstone, appointed Rothschild last year to hold an auction of the chain

TDR Capital, one of the principal owners of Asda, is reportedly eyeing a takeover bid for holiday camp chain Butlin’s, alongside other interested parties that include Fortress Investment Group.

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