1. Acquisitions, Divestitures & Mergers

Issa brothers consider £13bn Asda and EG Group merger

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The combination would create a group with 581 supermarkets, 700 petrol forecourts and more than 100 convenience stores in a bid to better refinance EG Group’s current £7bn debt.

The news comes after it was revealed that the Issa brothers are also considering a £1bn sale of part of their US petrol station empire.

Asda opened its second Asda Express convenience store in December and plans to open 300 more by the end of 2026.

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 company reported “continued resilience” in its trading update in November.

This story continues at Issa brothers consider £13bn Asda and EG Group merger

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Established in 2007, TalkingRetail.com brings you the latest news, analysis and information across the UK convenience and independent grocery retail sectors. Sister publication Independent Retail News is a monthly magazine for owners of independent convenience stores. Originally launched as Independent Grocer in 1981, the magazine changed its name to Independent Retail News in 1995. It provides must-have information that helps in the day-to-day running of stores and keeps readers up-to-date with the latest news and product information. The publications are brought to you by Metropolis Business Media, which also runs a number of leading annual awards events including The Retail Industry Awards, The Quality Food Awards and The Quality Drinks Awards. These prestigious ceremonies recognize the top performers across both the independent and multiple sectors, and are judged by a highly respected and influential group of independent top industry judges. https://www.talkingretail.com/
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