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DARK SECRETS: 2 - The Real Truth

What Asda's £2.3bn deal means for prices, jobs and the future of EG Group

BusinessLive has taken a look at the deal in depth and what it could mean for each company and their customers

Birmingham Post

Asda to buy group founded by billionaire Issa brothers for over £2bn

Mohsin and Zuber Issa started out with a single petrol station forecourt in Bury, Greater Manchester more than 20 years ago

Manchester Evening News

Asda to buy petrol stations group EG UK as it aims to overtake Sainsbury’s

Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR Capital

The Guardian - UK

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Billionaire Issa brothers confirm Asda to buy UK operations of EG Group for over £2bn

The deal is expected to be completed in the fourth quarter of 2023

Birmingham Post

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

Both EG Group and Asda are chaired by former Marks & Spencer and Ocado Group chair Lord Rose

Birmingham Post

Asda owners reveal what they think about 'billionaire brothers' nickname

Mohsin and Zuber Issa acquired a majority stake in supermarket Asda in 2020

Wales Online

Asda 'billionaire brothers' on what they really think of their nickname

Mohsin and Zuber Issa are self-made billionaires

Liverpool Echo

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What the Issa brothers really think of their 'billionaire brothers' nickname

Mohsin and Zuber Issa - believed to be worth over £1bn - have strong thoughts about the nickname

Manchester Evening News

Billionaire Issa brothers make offer to get Asda's £600m Co-op deal approved amid £8bn Subway move

In August 2022, the Co-op first revealed plans to sell its 132 petrol stations and attached convenience stores in a bid to bolster its finances

Birmingham Post

Billionaire Issa brothers 'plotting £8billion takeover of fast food chain Subway'

Sources said that the possible takeover of the worldwide sandwich chain Subway by the EG Group could cost the Issa Brothers around £8billion

Daily Mirror

Profits rise to almost $1.5bn at billionaire Issa brothers' EG Group as sales surge 25%

The billionaires also own Asda separately to EG Group

Birmingham Post

Billionaire Issa brothers agree $1.5bn 'sale and leaseback' deal for EG Group in USA

EG Group said it will use the net proceeds to help repay debt

Manchester Evening News

Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt

The brothers also co-own Asda with TDR Capital

Birmingham Post

Some of the billionaire Issa brothers' biggest projects to keep an eye on in 2023

It includes the first drive-thru Indian street food restaurant in the country

Manchester Evening News

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Evening Standard

Pressure on Asda owners Issa brothers as EG Group debt interest payments jump £200 million

Annual accounts for EG Finco, the finance subsidiary of Mohsin and Zuber Issa’s EG Group, are now several weeks overdue

Birmingham Post

Billionaire Issa brothers 'exploring £13bn merger' of Asda and EG Group

The Issa brothers are also considering a £1bn sale of part of their US petrol station empire

Birmingham Post

Asda-owning billionaire Issa brothers 'eyeing £1bn sale' of US petrol stations

EG Group, whose brands include Euro Garages, Coopland and Leon, has over 6,600 sites across the world

Birmingham Post

High fuel prices help profits rise at Issa brothers' EG Group

The billionaire brothers also separately own Asda alongside TDR Capital

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Birmingham Post

'Incensed' Asda workers balloted for strike action in pay dispute after Issa brothers private jets row

BusinessLive understands, from a person familiar with the matter, that commercial interest will be paid on the loans for the private jets which will be backdated

Manchester Evening News

Castore: Sportswear brand that's backed by Andy Murray and the Asda-owning billionaire Issa brothers valued at £750m

Castore has partnerships with the likes of Glasgow Rangers, McLaren Racing, Newcastle United and England Cricket

Manchester Evening News

Billionaire Issa brothers poach HS2 boss as they pledge 'laser-focus' on cost of living crisis

The brothers ran their first petrol station in Bury in 2001

Birmingham Post

Issa brothers 'laser-focused' on helping staff through cost of living crisis despite profits dip

EG Group has hired HS2's chief financial officer as its new CFO

Daily Mirror

Billionaire Brit brothers' plan for 'five ugly sisters' mansions branded ‘a shambles’

Locals expressed their concerns over the Issa brothers' attitude towards planning rules, with one councillor branding it an 'absolute joke' and a 'shambles' at a planning committee meeting

Manchester Evening News

Planning row over billionaire Issa brothers' 'five ugly sisters' mansions

Residents have hit out after the family sought authorisation for changes made to imposed conditions

Birmingham Post

The top team running the EG Group empire that was founded by the billionaire Issa brothers

BusinessLive profiles the top team running EG Group

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