Skip to content

U.K.’s Billionaire Issa Brothers May Merge Asda and EG Group

Issas, TDR weigh combining grocer with convenience store chain
Potential deal would create $35 billion retail giant

A customer holds a basket of groceries inside an Asda store, trialing new sustainability initiatives, in Middleton, U.K. — A customer holds a basket of groceries inside an Asda store, trialing new sustainability initiatives, in Middleton, U.K.Photographer: Anthony Devlin/Bloomberg

By

Ruth David, and

November 26, 2021, 3:37 PM UTCUpdated onNovember 26, 2021, 5:33 PM UTC

Follow us at @BloombergUK for the latest news and analysis.

Britain’s billionaire Issa brothers are considering merging U.K. grocer Asda Group with EG Group, their international chain of gas stations and convenience stores, people with knowledge of the matter said.