Asda confirms £10bn merger with petrol stations group EG

Mohsin Issa will continue to lead business, while Asda will begin search for new group chief executiveAsda has announced it is to acquire the petrol forecourts and convenience store operations in the UK and Ireland of its sister business, EG Group, in a deal worth £2.27bn.The long-awaited tie-up of the two groups, both owned by the billionaire Issa brothers and the private equity firm TDR Capital, is expected to create a combined business worth about £10bn and will allow the supermar