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The Latest Breaking News from EG Group

Billionaire Issa brothers sell dozens of stores to bring down EG Group debts

The billionaire Issa brothers have sold scores of convenience stores in the US in the latest step on their bid to bring down debts.

Evening Standard

Bakery chain Cooplands closes nine shops across country - full list of stores being shut

Cooplands is the largest family-owned bakery in the UK with more than 200 outlets across the country, but it was bought by EG Group in 2021 and it is making changes

Daily Mirror

Profits fall at billionaire Issa brothers' EG Group ahead of £2.3bn Asda deal

The figures come after a deal worth more than £2bn which will see Asda acquire the majority of EG Group's UK and Ireland operations was confirmed at the end of May

Birmingham Post

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Issa brothers’ EG Group launches huge $6.1 billion debt refinancing deal as loan deadlines loom

The firm said it expected to reduce total net debt down from $9.8 billion in March

Evening Standard

Issa brothers’ EG Group shifted £3 billion in debt prior to Asda merger, filings show

EG Group shifted over £3 billion internally to settle debts in the US in the months leading up to the sale of its UK operations to Asda, the Standard understands.

Evening Standard

Asda's £611m deal to buy the Co-op's petrol station business cleared

Asda announced this week a new deal worth over £2bn to acquire the majority of EG Group's UK and Ireland operations

Birmingham Post

‘No price hikes’ in supermarket as Asda buys petrol station operator for £2.2 billion

Both sides of the deal claim it is not driven by the need to offload a large debt pile

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What Asda's £2.3bn deal means for prices, jobs and the future of EG Group

BusinessLive has taken a look at the deal in depth and what it could mean for each company and their customers

Birmingham Post

THG, Salford Red Devils and Hotter Shoes: The 12 latest top North West deals

BusinessLive has rounded up some of the latest top deals you should not miss

Birmingham Post

Asda to buy group founded by billionaire Issa brothers for over £2bn

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

Manchester Evening News

Asda to buy petrol stations group EG UK as it aims to overtake Sainsbury’s

Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR Capital

The Guardian - UK

Billionaire Issa brothers confirm Asda to buy UK operations of EG Group for over £2bn

The deal is expected to be completed in the fourth quarter of 2023

Birmingham Post

Nvidia becomes world’s first chipmaker worth more than $1tn – as it happened

The AI boom is driving demand for chips from manufacturers like Nvidia, which has seen its share price soar

The Guardian - UK

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

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.

Evening Standard

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Wales Online

Asda announced huge expansion as it buys 350 petrol stations and 1,000 shops

The supermarket has spent £2.7billion on the deal

Birmingham Post

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

Both EG Group and Asda are chaired by former Marks & Spencer and Ocado Group chair Lord Rose

Birmingham Post

Asda issues statement after being accused of threats to cut pay of 7,000 staff

Asda is owned by the billionaire Issa brothers and TDR Capital

Birmingham Post

GMB Union calls on Kemi Badenoch to intervene in Issa brothers' proposed £12bn merger of Asda and EG Group

If a merger is completed, it would create a group with 581 supermarkets, 700 petrol forecourts and more than 100 convenience stores

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Manchester Evening News

Billionaire Issa brothers 'considering £8bn takeover of sandwich giant Subway'

Their EG Group owns more than 6,600 petrol stations and fast food outlets globally

Daily Mirror

Billionaire Issa brothers 'plotting £8billion takeover of fast food chain Subway'

Sources said that the possible takeover of the worldwide sandwich chain Subway by the EG Group could cost the Issa Brothers around £8billion

Birmingham Post

American Express signs deals with Timpson, B&M and billionaire Issa brothers' EG Group

Charities Sue Ryder and British Heart Foundation (BHF) have also recently signed

Birmingham Post

Profits rise to almost $1.5bn at billionaire Issa brothers' EG Group as sales surge 25%

The billionaires also own Asda separately to EG Group

Birmingham Post

JD Sports, In The Style and EG Group: The 10 latest North West deals

BusinessLive has rounded up some of the latest top deals you should not miss

Manchester Evening News

Billionaire Issa brothers agree $1.5bn 'sale and leaseback' deal for EG Group in USA

EG Group said it will use the net proceeds to help repay debt

Birmingham Post

Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt

The brothers also co-own Asda with TDR Capital

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