All Zuber Issa articles – Page 5
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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.
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NewsEG Group buys biggest KFC franchisee plus Australian ’real’ food brand
EG Group has bought the largest KFC franchisee in the UK & Ireland from The Herbert Group, based in Belfast. It has also entered into a binding agreement to acquire ASX-listed Oliver’s Real Food Limited. The Herbert Group acquisition includes 146 KFC Restaurants and 1 Pizza Hut Store, as well ...
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NewsEuro Garages schemes approved at both ends of country
Euro Garages has been granted planning permission for a petrol station development in East Lothian in Scotland, while a company owned by its founders has also won conditional approval for a larger development at Bridgwater, Somerset, comprising a petrol station and business units.The Scottish scheme is at Haddington on the ...
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NewsEuro Garages owners win consent for development in Bolton
A development company owned by the founders of Euro Garages has won planning permission for a new petrol station, drive-thru restaurant and industrial units at a site in Bolton. Mohsin and Zuber Issa are the directors of Monte Blackburn, which had applied to Bolton Council for consent to develop a ...
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NewsEG Group completes acquisition to take US estate to 1,680 sites
EG Group, parent company of Top 50 Indie Euro Garages, has announced the completion of its acquisition of the Cumberland Farms forecourt business in the US, following the deal that was agreed in August.Cumberland Farms is based in Westborough in Massachusetts, and operates 567 convenience stores in seven northeast states ...
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NewsEG Group considering IPO
Top 50 Indie Euro Garage’s parent company EG Group is said to be considering an initial public offering next year which, according to financial press reports, could value it at anything between £5-£10bn. Brothers Mohsin and Zuber Issa founded Blackburn-based Euro Garages in 2001 with the acquisition of a single ...
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NewsEG Group increases its US estate to just under 1,700 sites
Euro Garage’s parent company EG Group has increased its estate in the US to just shy of 1,700 sites, only 16 months after its first acquisition in the country. It has agreed a deal for the acquisition of Cumberland Farms, which operates about 600 convenience retail stores and fuel stations ...
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NewsEuro Garages parent EG Group adds 69 sites to US portfolio
Euro Garages parent company EG Group has signed a deal to acquire 69 convenience stores and fuel stations in the US. The sites are owned by family owned Certified Oil and are in Kentucky, West Virginia and Ohio. “The connection the store teams have with the customers in the community ...
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NewsEG Group set to top 1,000 US sites after acquisition deal
Euro Garages parent company EG Group has struck a deal to expand its US estate to more than 1,000 locations with the acquisition of 54 Fastrac Markets-branded convenience retail stores and petrol stations and the company’s wholesale fuel business. Fastrac operates in New York State with sites clustered along the ...
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NewsEG Group founders win national entrepreneurs award
Mohsin and Zuber Issa, the joint chief executives of EG Group, have been named Ernst & Young Entrepreneur of the Year. The brothers won the top prize and will represent the UK at the EY World Entrepreneur of the Year in Monaco in 2019. In addition they were presented with ...
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NewsEG Group appoints new head for 1,000-store US estate
EG Group has announced that Jay Erickson has been promoted to president of c-store for EG America, and will manage and lead a national network of nearly 1,000 petrol stations and convenience store locations spread across 23 states in the US. Jay has nearly 30 years of experience in convenience ...
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NewsEG Group buys 225 Minit Mart sites in US in $300m deal
Euro Garages parent company EG Group has increased its US estate to around 1,000 sites with a $300m deal to acquire 225 Minit Mart branded convenience retail stores and petrol stations from TravelCenters of America. Minit Mart operates across nine Midwest US states and employs almost 2,500 employees. Turnover last ...
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NewsEuro Garages opens new £3.5m site near Ashby-de-la-Zouch
A new £3.5m Esso-branded petrol station, which includes a Starbucks, KFC and drive-thru Greggs, has been opened by Top 50 Indie Euro Garages The site is on the A42 near Ashby-de-la-Zouch in Leicestershire, and opened on Friday June 8 following six months of construction. There will also be a Spar ...
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NewsEuro Garages acquires 762 US sites in $2.15bn deal
EG Group is to acquire 762 US forecourt convenience sites in a $2.15 billion deal with The Kroger Co. Kroger’s convenience store business operates in 18 states and includes 66 franchise operations. The stores employ 11,000 associates and operate under names: Turkey Hill, Loaf ’N Jug, Kwik Shop, Tom Thumb ...
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Brothers in Euro vision
While many forecourt retailers fuss over the high prices of sites in the UK thwarting growth, Blackburn-based Euro Garages continued its march into Europe with the acquisition of ExxonMobil’s retail assets in Germany last month. In one fell swoop Euro Garages which operates under its parent, EG Group Ltd, as ...
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NewsEuro Garages seeks more European expansion
Reasonably-price forecourts are hard to find in the UK, according to Zuber Issa, co-founder and co-ceo of Euro Garages - which trades as the EG Group Ltd in Europe - which has recently boosted its European network by 1,000 with the purchase of ExxonMobil’s retail assets in Germany. “The UK ...
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NewsEuro Garages wins approval for new HQ
Plans for Euro Garages new head office facilities have been approved and agreed by Blackburn with Darwen Borough Council. Council leader, councillor Mohammed Khan and council chief executive Harry Catherall met with the company leadership to confirm the planning permission and further discuss the development which is set to create ...
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NewsGloucester site added to Euro Garages portfolio
Euro Garages has acquired another forecourt in the south west - Churcham Garage, Gloucester. Specialist business property adviser, Christie & Co brokered the sale of the site, an established forecourt business in Churcham, Gloucester on behalf of Jamshad Karupamveetil of Milecross Ltd. Jamshad acquired the petrol station, which at the ...
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Badge of honour
best oil company initiative: WINNERWinning the Best Oil Company Initiative has been a great boost for the Essar Oil UK brand, according to the company’s chief commercial officer retail, SB Prasad (pictured)."It was wonderfuel to win, and has helped us to gain recognition as a brand. Before the win ...