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Mohsin Issa CBE and Zuber Issa CBE are British-Indian billionaire brothers and businessmen who founded Euro Garages (later renamed EG Group) in 2001, a Blackburn-based operator of filling stations, convenience stores and food service providers across Europe, the United States and Australia.
1 day ago · Zuber and Mohsin Issa bought Asda from Walmart in 2020, in a £6.8 billion deal with the backing of TDR Capital. Walmart still holds a 10% stake. In a joint statement Mohsin and Zuber said: “We have had an amazing journey together building EG Group over the last 20 years and we look forward to continuing to work closely together as fellow ...
The deal brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart.The transaction is set to complete in Q3 2024. Asda did not disclose the terms of the sale.
Aug 31, 2022 · Zuber and Mohsin Issa are UK-based entrepreneurs who made their fortune in petrol stations and acquired Asda, Leon and other brands. Learn about their rise, their deals, their controversies and their plans for the High Street.
Mar 1, 2024 · Mohsin Issa, one half of the so-called "billionaire brothers" who own Asda, gives his first broadcast interview and talks about his journey, his plans and his relationship with his brother Zuber. He also discusses Asda's challenges, its debt, its expansion and its pay offer to workers.
1 day ago · Billionaires Zuber and Mohsin Issa bought Asda from Walmart for £6.8bn in 2020 in a deal with the backing of TDR capital. The brothers own petrol forecourt and filling station company EG Group ...
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1 day ago · Mohsin, who runs Asda day-to-day, has a 22.5 per cent stake, while TDR will own 67.5 per cent of the company after the deal to buy Zuber’s 22.5 per cent stake — estimated to be worth about £ ...
