Could EG Groups Issa brothers be selling up for £10.8bn? – Lancashire Telegraph

The Issa brothers could be considering selling their forecourt empire EG Group in a £10.8billion deal, according to reports.

The Blackburn company, founded by Mohsin and Zuber Issa, only recently revealed that in the three months to June 30, turnover increased by 57.7 per cent from $4.130billion to $6.511billion, while over the same quarter earnings rose by 23.7 per cent from $307million to $380million.

The brothers became national news last year after buying the supermarket giant, Asda.

There had been plans to open more than 300 Asda stores on their EG Group forecourts across the country.

They have also shown interest in acquiring a number of high street brands.

It has been reported the group is in early stages of talks with advisers about the plans, and EG might explore a stock market listing.

It is suggested some of the companies that may come forward to buy the firm include 7-Eleven and Alimentation Couche-Tarde, the owner of the Circle K convenience shops.

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