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The Latest Breaking News from EG Group

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

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read the most diverse news in one place.

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

The supermarket has spent £2.7billion on the deal

Wales Online

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

Birmingham Post

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

Manchester Evening News

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

Daily Mirror

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

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news in one place.

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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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Evening Standard

Billionaire Issa brothers’ EG Group sells $1.5 billion in property in bid to slash debt burden

The billionaire Issa brothers’ business EG Group has sold $1.5 billion worth of property in the US as the pair scramble to bring down the firm’s debt burden amid soaring interest rates.

Manchester Evening News

Some of the billionaire Issa brothers' biggest projects to keep an eye on in 2023

It includes the first drive-thru Indian street food restaurant in the country

Evening Standard

Pressure on Asda owners Issa brothers as EG Group debt interest payments jump £200 million

Annual accounts for EG Finco, the finance subsidiary of Mohsin and Zuber Issa’s EG Group, are now several weeks overdue

Birmingham Post

Asda puts almost 300 jobs at risk and plans to move over 4,000 workers to lower-paid roles

The billionaire Issa brothers are also considering a £1bn merger of Asda and their EG Group

Birmingham Post

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

The Issa brothers are also considering a £1bn sale of part of their US petrol station empire

Birmingham Post

Asda-owning billionaire Issa brothers 'eyeing £1bn sale' of US petrol stations

EG Group, whose brands include Euro Garages, Coopland and Leon, has over 6,600 sites across the world

Insider UK

Bon Accord Centre could be sold for around £10 million

Talks are understood to be at 'an advanced stage' with a brother of the billionaire Issa brothers

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