British holiday institution Butlin's could be taken over by the company that owns Asda. Reports say that the supermarket's parent company, TDR Capital, is in talks to buy the holiday parks operator for £600 million.
There are three Butlin's camps still open, in Bognor Regis, Skegness and Minehead, and are owned by Bourne Leisure. But the camps are now up for sale and investment firm TDR has put in a bid this week, Retail Gazette reports.
Another interested bidder is reportedly Fortress Investment Group, reports the Mirror. Billy Butlin set up the company in 1936 with the aim of providing cheap getaways for Brits.
