EG Group is chosen as the preferred bidder to take over Asda

FT Zuber & Mohsin Issa

Euro Garages parent company EG Group is the leading contender to take over Asda in a £6.5bn deal. According to Sky News, a consortium led by Mohsin and Zuber Issa, the bosses of EG Group, and TDR Capital, the London-based private equity firm, has been selected by Asda’s owner, the American retailer Walmart, as the preferred bidder for the supermarket group.

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