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Birmingham Post
Birmingham Post
Business
Jon Robinson

Billionaire Issa brothers to announce £10bn merger between Asda and EG Group

EG Group Asda Rose BusinessLive Ocado Group Zuber Issa Cooplands TDR Capital

The billionaire Issa brothers are to announce the £10bn merger of EG Group and Asda.

News of the potential deal was first reported in January while an announcement had been expected early on Friday morning. However BusinessLive now understands it is more likely it will be confirmed after the Bank Holiday weekend.

Mohsin and Zuber Issa started out with a single petrol station forecourt in Bury, Greater Manchester more than 20 years ago.

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