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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Asda poised to announce £10bn merger with petrol stations group EG

Asda forecourt
Asda and EG group are jointly owned by the Issa brothers and private equity firm TDR Capital. Both are seeking big savings from a merger. Photograph: Maureen McLean/Alamy Live News

Asda is finalising a deal to buy its sister business EG Group’s UK and Irish petrol forecourts in a deal worth £3bn, allowing the supermarket to step up its shift into convenience retailing.

The businesses are expected to formally announce a long-awaited tie-up in the next few days, which will create a combined business worth about £10bn.

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