Asda has agreed to sell a number its of supermarkets and a depot in an effort to strengthen its financial position.

The debt-laden supermarket group announced it would raise £568m through the sale of these sites, which it will then lease back and continue to operate.

Two separate buyers have agreed to acquire a total of 24 stores and a depot managed by the retailer.

Leeds-based Asda said all locations will continue to function as usual, with no changes for their employees.

Ten of the stores and an Asda depot in Lutterworth, Leicestershire, will be sold to US investment firm Blue Owl Capital, while another ten will be sold to a joint venture between Blue Owl and Supermarket Income REIT (real estate investment trust).

Asda stated that an additional four stores will be sold to London-b

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