All Zuber Issa articles – Page 2
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NewsZuber Issa wants to go it alone with EG Group’s remaining UK forecourts
Zuber Issa is believed to be planning to step down as co-CEO of the EG Group, leaving the company in the hands of his older brother Mohsin, if he can complete a deal to acquire the remaining UK forecourts owned by the business.
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NewsEG Group continues to pay down debt in 2023
The co-founders of EG Group say restructuring moves “strengthened the balance sheet” of the indebted forecourt and foodservice giant in 2023, despite a slip in full-year profits largely because of “oil volatility”.
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NewsIssas borrowed EG money to fund private jets
Zuber and Mohsin Issa, owners of Top 50 Indie the EG Group, have apparently borrowed millions of dollars from the forecourt firm to repay loans for their private jets.
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NewsEG sells its 218 KFC franchises
EG Group is selling all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division.
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NewsEG Group reduces debt but EBITDA is down
EG Group reports that it has made ‘significant progress’ in reducing its debt thanks to the sale of the majority of its UK and Ireland forecourts to Asda. The company sold the sites to Asda in October for £1.98bn.
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NewsEG Group acquires Tesla chargers as it boosts rollout of its evpoint network
EG Group is to acquire Tesla’s latest ’ultra-fast’ charging units in a ”first-of-its-kind” deal as it boosts its third-party charge-point operation across the UK and Europe, and aims to deliver on its energy transition goals.
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NewsPromise of lower fuel prices as Asda completes EG Group UK acquisition
A pledge to lower fuel prices has been made by co-owner of Asda, Mohsin Issa, following the completed £2.07bn acquisition of EG Group’s UK business.
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NewsEG Group announces solid performance in Q2
EG Group has delivered a ‘solid’ trading performance in line with expectations for the second quarter of 2023, according to co-founder and co-CEO Zuber Issa.
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NewsSubway bought by private equity firm Roark Capital
Subway, the global company with hundreds of franchise outlets on UK forecourts, has announced that it has entered into a definitive agreement to be acquired by Roark Capital.
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NewsEG Group’s US subsidiary agrees deal to sell 63 convenience stores
EG Group’s US subsidiary EG America has agreed a deal to sell 63 of its convenience stores to Casey’s General Stores.
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AnalysisANALYSIS: Marginal gains in fuel prices bring down CMA ire on supermarkets
Supermarkets have been playing fast and loose with fuel pricing for years but the folly of their actions has finally come back to haunt them. John Wood reports on what led up to this week’s damning CMA report into the road fuels market
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AnalysisANALYSIS: EG Group maps out the future as Asda takes over the present
EG Group and Asda are both set for new chapters in their development as EG Group explores the future of alternative fuels and Asda becomes the second biggest owner of forecourts in the UK.
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NewsEG Group targets rapid charging as major growth opportunity
EG Group sees alternative fuels, and EV rapid charging in particular, as a major growth opportunity for the company both in the UK and across its global network.
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NewsCMA accepts Asda’s offer to sell 13 Co-op forecourt sites to avoid competition issues
The Competition and Markets Authority (CMA) has announced that it has agreed to accept Asda’s offer to sell off 13 Co-op forecourt sites, but a new investigation into Asda’s acquisition of most of EG Group’s forecourts this week seems unlikely.
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NewsEG Group sells bulk of UK&I forecourt business to Asda for £2.27bn
EG Group has today confirmed an agreement to sell to Asda the majority of its UK and Ireland fuel, foodservice, grocery and merchandise business for £2.27bn ($2.8bn), following rumours of the deal circulating on Friday
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NewsMerger of Asda and EG Group could be completed today, according to reports
The owners of EG Group and Asda could complete a merger of the two businesses as early as today, according to a report by Sky News.
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NewsIssa brothers considering an £8bn takeover bid for Subway, according to reports
A potential £8bn takeover of Subway is being considered by the founders and joint owners of EG Group Mohsin and Zuber Issa, according to newspaper reports.
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NewsAcquisitions help to drive up EG Group’s global full-year revenue by 25% to $33.04bn
Euro Garages’ parent company EG Group increased its global earnings last year as acquisitions helped to drive up revenue by 25%.
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NewsEG Group sells 415 US sites for $1.5bn to repay debt
EG Group has agreed to the sale and leaseback on a portfolio of its sites on the east coast of the USA to Realty Income Corporation for a gross consideration of approximately $1.5bn.
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NewsEG Group donates £100,000 to help with relief efforts in Turkey and Syria
Euro Garages’ parent company EG Group has announced that it is donating £100,000 to the British Red Cross to help with efforts to relieve the devastation in Turkey and Syria following an earthquake.