News - eg.group
WEBJun 12, 2023 · EG Group is pleased to announce the appointment of John Carey as CEO and President of EG America, effective from 1 October 2023, to drive forward its successful growth strategy in the US. Read More. Sustainability. EG GROUP RAISES £47,000 FOR MACMILLAN CANCER SUPPORT AND ANNOUNCES NEW …
Zuber Issa to lead new venture as split from EG Group confirmed
WEBBlackburn's EG Group have confirmed that co-founder Zuber Issa will step down as co-CEO of the company at the end of October. In June, the company announced that it has agreed to sell its ...
EG Group in talks to sell some UK assets to co-founder Zuber Issa
WEBMar 6, 2024 · EG Group is in talks to offload some UK assets to billionaire co-founder Zuber Issa in what the company told investors was an attempt to reduce the debt pile of its petrol-station empire.
EG Group agrees the sale of the majority of its UK and Ireland …
WEBMay 30, 2023 · EG Group has today announced an agreement to sell to Asda the majority of its UK and Ireland fuel, foodservice, grocery and merchandise business for an enterprise value of £2.27bn ($2.8bn).
Asda to acquire EG Group’s UK and Ireland business – creating a …
WEBMay 30, 2023 · Asda, owned by the Issa brothers, investment funds managed by TDR Capital LLP and Walmart (the “Shareholders”), is acquiring the EG UK and Ireland business consisting of c. 350 petrol filling station (“PFS”) sites and over 1,000 food-to-go locations – through an affiliate of its parent company, Bellis Acquisition Company 3 Limited, a ...
Asda’s owners recycle proceeds of earlier deal to fund EG takeover
WEBJun 4, 2023 · Asda’s owners are using the proceeds of an earlier asset sale to fund their contribution to the supermarket’s takeover of parts of EG Group, another business they own, in the latest example of...
Asda co-owner steps down to focus on EG Group
WEB4 days ago · Credit: Pajor Pawel via Shutterstock. Asda has announced a significant leadership change as co-owner Mohsin Issa steps back from his executive role to focus on his previously announced position as sole CEO of EG Group. This decision marks a shift in the leadership structure of the UK’s third-largest supermarket chain.
Issa brothers complete EG Group UK sale to Asda at a discount
WEBOct 31, 2023 · EG Group has completed the sale of its UK operations to Asda at a discount on top of securing a fresh $500 million loan as the billionaire Issa brothers seek to reorganise their sprawling...
Asda owners to unveil £10bn merger with petrol stations giant EG
WEBMay 25, 2023 · The owners of Asda and petrol stations giant EG Group were on Thursday applying the finishing touches to a £10bn merger of their operations in Britain. Sky News has learnt that the billionaire Issa brothers - Mohsin and Zuber, who launched EG Group - and TDR Capital are aiming to announce the tie-up on Friday.
EG Group to amend and extend banking loans | Reuters
WEBJun 8, 2023 · EG Group, the petrol forecourt and retail company that last week sold its UK operations to supermarket Asda, will seek to amend and extend its banking loans, it said on Thursday.
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