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LONDON, May 5 (Reuters) - Britain's Issa brothers and private equity group TDR Capital said on Wednesday the competition regulator has indicated that remedies proposed to address concerns over their purchase of the Asda supermarket chain from Walmart are acceptable.
“Over the course of the past 10 days, we have been working constructively with the Competition and Markets Authority (CMA) to offer remedies to address the CMA's competition concerns," the brothers and TDR said.
"Today, we are pleased to confirm that the CMA has indicated it has reasonable grounds to believe the proposed remedies are acceptable, enabling us to arrive at a conclusive outcome for the acquisition of Asda in Phase 1."
(Reporting by James Davey; editing by William James)