26-05-2023 08:20 via retailgazette.co.uk

Asda owners set to announce £10bn merger with petrol station giant EG Group

// Asda is set to merge with petrol station giant EG Group in a £10bn deal
// The pair already share the same owners, the Issa brothers and TDR CapitalThe owners of Asda are finalising a merger of the supermarket with their petrol station business EG Group, which will create a £10bn business.
The Issa brothers and TDR Capital, the private equity firm that co-owns both firms, are set to announce the deal today (26 May), according to Sky News.
Asda is expected to pay £1.25bn for
Read more »