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Birmingham Post
Birmingham Post
Business
Jon Robinson

Billionaire Issa brothers confirm Asda to buy UK operations of EG Group for over £2bn

Asda EG Group United Kingdom Mohsin Issa Zuber Issa Cooplands TDR Capital Euro Garages Stuart Rose Blackburn

A deal worth more than £2bn which will see Asda acquire the majority of EG Group's UK and Ireland operations has been confirmed.

Both companies are owned by the billionaire Issa brothers and private equity giant TDR Capital.

Asda is to buy most of Blackburn-headquartered EG Group's fuel, foodservice, grocery and merchandise business for £2.27bn.

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