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Evening Standard
Evening Standard
Business
Simon Hunt

Billionaire Issa brothers merge Asda with EG Group UK in £2.3 billion deal

EG Group Asda United Kingdom

The billionaire Issa brothers marked another milestone on their quest to slash their business empire’s heavy debt burden today as the pair finalised plans to merge the UK operations of petrol forecourt business EG Group with Asda in a £2.3 billion deal.

EG Group, which also owns the Leon fast-food chain, said around 350 petrol stations and over 1,000 food-to-go sites in the UK and Ireland would be sold off to Asda as part of the deal.

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