Asda says £2bn EG Group acquisition will create ‘new value-led consumer champion’

Issa brothers

Asda has confirmed the acquisition of EG Group’s UK and Ireland operations for £2.27bn and said the move will create a “new value-led consumer champion”.

Asda, owned by the Issa brothers and TDR Capital, is acquiring EG Group’s British and Irish business, which includes 350 petrol stations and over 1,000 food-to-go locations.

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