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Birmingham Post
Birmingham Post
Business
Jon Robinson

Billionaire Issa brothers 'exploring £13bn merger' of Asda and EG Group

EG Group Asda Zuber Issa Mohsin Petrol TDR Capital Sunday Times

The billionaire brothers who own Asda are exploring a potential £13bn merger with their petrol forecourt empire.

Mohsin and Zuber Issa acquired the supermarket giant in 2021 for £6.8bn alongside private equity form TDR Capital.

According to a report in The Sunday Times, merger talks are being held ahead of refinancing at Blackburn-headquartered EG Group, which has £7bn of debt due in 2025.

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