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Evening Standard
Evening Standard
Business
Simon Hunt

Billionaire Issa brothers add Co-op forecourts to Asda in £600 million deal

Asda already operates 320 petrol stations in the UK (Joe Giddens/PA)

(Picture: PA Media)

The billionaire Issa brothers have added another major asset to their sprawling retail empire after their majority-owned supermarket Asda snapped up 129 petrol forecourt sites from the Co-op in a £600 million deal.

The deal, which includes £438 million cash and £162 million in lease liabilities, represents 5% of Co-op’s retail estate and is set to be completed by the end of the year.

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