Issa brothers eye £12bn merger of Asda and EG forecourt empire

Mohsin and Zuber Issa, Asda

The billionaire Issa brothers are reportedly racing to complete a merger of the Asda supermarket chain and their UK petrol stations in a bid to slash debt.

The Issas and private equity backers TDR Capital are looking to combine Asda, which they bought back in October 2021, and their sprawling network of petrol forecourts operating under the EG Group UK division by the end of next month, according to The Sunday Times.

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