Asda co-owner Mohsin Issa steps down as EG Group CEO

Asda co-owner Mohsin Issa has stepped down as chief executive of petrol station chain EG Group ahead of its initial public offering.
Issa, who co-founded the forecourt business with his brother Zuber, has been succeeded by the company’s chief financial officer Russell Colaco.
Issa’s departure from the helm of EG Group follows news that the business is considering a listing in New York worth around $13bn (£10.7bn), after offloading the majority of its UK petrol station business