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14-12-2020, 03:07 PM
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[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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Billionaire Issa brothers(Asda) in £440m German petrol chain bid
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