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Evening Standard
Evening Standard
Business
Simon Hunt

Zuber Issa to acquire UK arm of EG Group by the end of June

Zuber Issa EG Group EG United Kingdom Asda

Zuber Issa is set to acquire the UK arm of EG Group in a bid to cut its debt pile, the firm has said, in the latest sign of an apparent rift between the billionaire Issa brothers.

The deal, which excludes the Cooplands bakery, some Starbucks stores, and EG’s electric vehicle charging business Evpoint, is set to be concluded by the end of next month.

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