Published 2 years ago • loading... • Updated 2 years ago

Asda poised to announce £10bn merger with petrol stations group EG

Summary by Ground News

EG Group and Asda are set to announce a £10bn merger on Friday. The combined group will operate nearly 600 supermarkets, 700 petrol forecourts and 100 convenience stores. It will represent the biggest deal in financial terms in the career of Lord Rose of Monewden, the former Marks & Spencer and Ocado Group chairman.

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lancashiretelegraph.co.uk

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Issa brothers to announce £10bn merger of Asda and EG Group

Blackburn's billionaire Issa brothers are to finalise a deal which will see their EG Group merged with Asda

2 years ago·Blackburn, United Kingdom

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Irish Independent

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Asda in £10bn merger with petrol stations chain

The owners of Asda will announce a £10bn tie-up of the supermarket with their petrol station empire on Friday, according to a report.

2 years ago·Ireland

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The Guardian

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Asda poised to announce £10bn merger with petrol stations group EG

Deal would help Asda move into convenience retailing and cut costs at merged entity by about £100m, as well as reduce EG’s debts

2 years ago·London, United Kingdom

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Evening Standard

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Asda finalising £10bn merger with EG Group – reports

Sky News said the billionaire Issa Brothers were planning to combine EG Group with Asda, in a deal expected to be announced on Friday.

2 years ago·London, United Kingdom

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The Independent

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Asda finalising £10bn merger with EG Group – reports

Sky News said the billionaire Issa Brothers were planning to combine EG Group with Asda, in a deal expected to be announced on Friday.

2 years ago·London, United Kingdom

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Sky News UK

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Asda owners to unveil £10bn merger with petrol stations giant EG

A tie-up will include more than £500m of debt funding from Apollo Global Management – one of the unsuccessful bidders for Asda during its auction in 2020, Sky News learns.

2 years ago·United Kingdom

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