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

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Merger talks are reportedly being held ahead of refinancing at Blackburn-headquartered EG Group

Blackburn billionaire the Issa brothers are reportedly considering £13bn merger' of Asda and the EG Group.

READ MORE: SummerFest: The Blackburn festival that disappeared without a trace - and customers' money with it EG Group is jointly owned by the Issa brothers and TDR Capital, the private equity firm they partnered with to acquire Asda in 2021. The group, whose brands include Euro Garages, Coopland and Leon, has over 6,600 sites across the world.

 

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