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Old 14-12-2020, 03:07 PM #1
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Join Date: May 2006
Posts: 185,974
Default Billionaire Issa brothers(Asda) in £440m German petrol chain bid

[EG Group, owned by
billionaire brothers Zuber and Mohsin Issa,
is buying a 285-strong chain of German petrol station
forecourts in a €485m (£440m) deal.

The move will extend the
company's 6,000-strong petrol station empire
across the UK and Europe.
In October, EG Group agreed to buy Asda in
a deal that valued the UK supermarket chain at £6.8bn.
The Asda deal is being examined by competition
authorities and is also subject to approval by regulators

Shortly after the Asda deal was announced,
the Blackburn-based Issa brothers were both made CBEs.]



https://www.bbc.co.uk/news/business-55301038
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