The billionaire Issa brothers’ business EG Group has sold $1.5 billion worth of property in the US as the pair scramble to bring down the firm’s debt burden amid soaring interest rates.
EG Group, which runs hundreds of petrol stations in the UK as well as the Leon fast food brand, said it had sold 415 store assets in the US to property company Realty Income, in a deal which will see it lease the assets back for a $103 million annual rental fee.
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