All Zuber Issa articles – Page 4
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NewsCMA gives green light to takeover of Asda by Issa brothers and TDR Capital
The takeover of Asda by EG Group founders and joint CEOs Mohsin and Zuber Issa, and investment funds managed by TDR Capital, has been given the green light by the Competition and Markets Authority (CMA).
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NewsCMA reveals the 27 sites EG Group is offering to sell to secure Asda deal
The definitive list of 27 sites which EG Group plans to sell to enable its owners to secure their deal to buy Asda, has been revealed today.
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NewsCMA reveals potential EG Group sites that could be sold to enable Asda purchase
The list of sites which could potentially be sold by EG Group to enable its owners to secure their deal to buy Asda, has been revealed today in a more detailed version of the original positive response announced earlier this month by the Competition Markets Authority (CMA).
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NewsEG Group offers to sell 27 sites to secure Asda takeover without in-depth inquiry
EG Group is proposing to sell off 27 of its sites in order that its owners can secure their deal to buy Asda without a detailed inquiry by the competition authorities.
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NewsEG Group raises more than £81,000 for Royal Manchester Children’s Hospital Charity
EG Group has raised more than £81,000 for the Royal Manchester Children’s Hospital Charity to support the hospital’s Bone Marrow Transplant Unit.
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AnalysisMONEY TALK: Asda acquisition - the watchdog wasn’t asleep after all
We’ve looked at the acquisition of Asda by EG Group owners Mohsin and Zuber Issa, and TDR Capital (and subsequent acquisition of the Asda forecourt network by EG Group), a few times since it was first announced last Autumn.
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NewsEG Group acquires fast-food chain Leon
EG Group has acquired British fast-food restaurant chain Leon Restaurants Limited (Leon).
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NewsEG Group planning PFS and coffee drive-thru at greenfield site at Colne in Lancashire
A developer based at EG Group’s head office in Blackburn has applied for planning permission to build a petrol filling station, coffee drive-thru unit, electric charging hub and two industrial units at a site at the end of the M65 motorway at Colne in Lancashire.
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NewsCar washing returning to Euro Garages’ forecourts, says Ilyas Munshi
EG Group is beginning to introduce car washing back onto forecourts, following changes to legislation, Ilyas Munshi, commercial director at EG Group has revealed.
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NewsEG Group appoints Dame Alison Carnwath as non-executive director
EG Group has announced the appointment of Dame Alison Carnwath as a non-executive director and as chair of the Audit Committee with effect from March 1.
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NewsAsda deal completes for Issa brothers and TDR Capital
The acquisition of Asda by the founders and co-CEOs of the EG Group - Mohsin and Suber Issa - and investment funds managed by TDR Capital LLP, has been completed, according to a joint announcement today by all parties concerned including Walmart Inc and Asda Group Limited.
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NewsEG Group agrees £750m deal to buy Asda’s forecourt business
Euro Garages’ parent company EG Group has agreed a deal to acquire Asda’s petrol filling stations, car washes and ancillary land for £750m.
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NewsEG Group appoints Lord Stuart Rose as chairman
EG Group has appointed former M&S boss Lord Stuart Rose as non-executive chairman with immediate effect.
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NewsEG Group marches on with €485m purchase of 285 sites in Germany
EG Group growth continues with the latest agreed acquisition of a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland GmbH, for €485 million.The acquisition will expand EG’s presence in Germany, where EG already operates sites under the Esso fuel brand.
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NewsCompetition and Markets Authority launches inquiry into proposed takeover of Asda
The Competition and Markets Authority (CMA) has launched an inquiry into the proposed £6.8bn takeover of Asda by EG Group’s founders Mohsin and Zuber Issa in partnership with private equity group TDR Capital.
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NewsIssa brothers bid for Caffe Nero
Sky News is reporting that EG Group co-CEOs and founders Mohsin and Zuber Issa have approached Caffe Nero – one of the UK’s biggest coffee shop chains - with an offer. According to the Sky News story – widely reported across the national press - the brothers have made contact over the weekend with a proposal to buy Caffe Nero from its founder and controlling shareholder, Gerry Ford.
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NewsEG Group’s owners share issue could help fund their £6.8bn buyout of Asda
EG Group’s owners have raised hundreds of millions of pounds through a share issue that could help fund their £6.8bn buyout of Asda.
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NewsIssa brothers awarded CBEs
Zuber & Mohsin Issa, founders and co-CEOs of EG Group have been honoured in the Queen’s Birthday Honours List 2020. Both brothers have been awarded a CBE for their contribution to business and charity.
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NewsIssa brothers agree £6.8bn deal with Walmart to take over Asda
A £6.8bn deal to buy Asda has been agreed by EG Group’s founders and joint CEOs Zuber and Mohsin Issa and private equity group TDR Capital. The transaction, which is subject to regulatory approval and expected to complete in the first half of next year, involves the Issa brothers and TDR Capital acquiring a majority ownership stake in Asda, but its current owner, the giant US retailer Walmart will retain an equity investment in the business, with an ongoing commercial relationship and a seat on the board.
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NewsEG Group is chosen as the preferred bidder to take over Asda
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.