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“EG Group continues to identify innovative partnerships and acquisitions that complement our existing consumer offer and enable us to stay at the forefront of consumer trends, particularly in food service,” Mohsin and Zuber Issa, the company’s co-founders, said in a joint statement. “Our equity investment in Leon is to strengthen our own participation in the fast-growing contemporary food service segment.” The deal adds to the turbocharged expansion by EG Group, which owns the UK supermarket chain Asda Group. The company has fuelled its growth at breakneck speed in the debt markets ...

EG Group Buys U.K.’s Leon Restaurants in Growth Push This content was published on April 18, 2021 - 17:57 April 18, 2021 - 17:57 (Bloomberg) -- EG Group, the gas-station operator owned by the Issa brothers, bought British fresh fast-food chain Leon Restaurants in the latest leg of its expansion drive. EG Group said it will invest in the Leon brand and develop its menu, with plans to open around 20 new sites per year from 2022. It also sees potential to market Leon’s products across its convenience retail stores. The deal valued the restaurant chain at 100 million pounds ($138 millio...

EG Group Buys U.K.’s Leon Restaurant Chain in Expansion Push This content was published on April 18, 2021 - 14:23 April 18, 2021 - 14:23 (Bloomberg) -- EG Group, the gas-station operator owned by the Issa brothers, bought British fresh fast-food chain Leon Restaurants in the latest leg of its expansion drive. EG Group said it will invest in the Leon brand and develop its menu, with plans to open around 20 new sites per year from 2022. It also sees potential to market Leon’s products across its convenience retail stores. The deal valued the restaurant chain at 100 million pounds ($13...

SAINSBURY’S has been axed from the new service station in Pinvin before the shop or forecourt has even opened.

EG Group has agreed to acquire Asda’s petrol stations, car washes, and ancillary land for £750m. The news comes after it was announced in October that EG Group and TDR Capital had reached an agreement to acquire a majority ownership stake in Asda Group. EG’s acquisition of the forecourt business is subject to the same CMA regulatory clearance but is currently expected to close in the second quarter of 2021. The forecourts will continue to be Asda branded. Zuber Issa and Mohsin Issa, co-founders and co-chief executives of EG Group, said: “We are excited to have the opportunity to furthe...