Asda is poised to acquire 350 petrol forecourts and 1,000 takeaways in the UK and Ireland from its sister business EG Group, in a deal worth £2.27bn, helping the retailer in its ambition of overtaking Sainsbury’s to become Britain’s second biggest grocer.
The supermarket group’s chair, Stuart Rose, said the acquisition would create a “powerful consumer champion” that was committed to being a “price leader” on fuel and the lowest price of the UK’s big four supermarkets on groceries.
