Owners of UK supermarket Asda and EG Group considering merger, the Times reports

The combination would create a retail giant worth between 11 billion and 13 billion pounds which would have more than 581 supermarkets, 700 petrol forecourts and 100 convenience stores in Britain, the newspaper said.

Brothers Zuber and Mohsin Issa and London-based private equity group TDR Capital have owned EG Group together since 2016. They later bought Asda.The Issa brothers could not immediately be reached for comment. Talks over merging the two businesses come ahead of a refinancing of EG Group, which has 7 billion pounds of debt due in 2025, according to the report.

British government what's u did in 1914 with awolowo is bad oooo but ojo nbo loluwawi

Highly leveraged need to consolidate debt we assume

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Owners of UK supermarket Asda and EG Group considering merger - The TimesBritish supermarket chain Asda could be merged with petrol forecourts business EG Group under plans being explored by the owners of both companies, the London-based Times reported on Saturday. Wasn't it Asda and Sainsbury, not long ago? Merging, part of their sustainability trial?
Source: Reuters - 🏆 2. / 97 Read more »

Michelin-starred boutique hospitality group plans new Bay Area restaurant - San Francisco Business TimesSantana Row is getting a new restaurant from the group behind Pizza Antica and Michelin-starred restaurants across the Peninsula.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »