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Asda takeover could lead to higher petrol prices, warns...

Mohsin, 49, and Zuber Issa, 48, completed £6.8bn purchase of Asda in February All of Asdas forecourts were sold to the brothers petrol station firm EG Group  Competition and Markets Authority (CMA) launched probe into the deal  Considered if tie-up would result in a substantial lessening of competition Now, the CMA said that investigations have raised local competition concerns
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Billionaire petrol station tycoons Issa brothers complete £6.8bn takeover of Asda from Walmart

Billionaire petrol station tycoons the Issa brothers and their private equity backers have today completed their £6.8billion acquisition of Asda, returning the supermarket giant to British ownership after more than 20 years. The EG Group, owned by Mohsin and Zuber Issa, previously reached an agreement to acquire the chain from Walmart.  The deal, which is being backed by investment funds managed by TDR Capital, will also include its chain of petrol forecourts.   The brothers secured FCA ap...
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