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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
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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.