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EG Group acquires a majority stake in Asda Group

EG Group, based in Blackburn, UK, has agreed to acquire certain assets of Asda, comprising its petrol filling stations, car washes and ancillary land (the “forecourt business”) for a headline enterprise value of GBP750 million (USD1.02 billion). On 2 October 2020, it was announced that the shareholders in EG Group, the Issa brothers and TDR […]

The post EG Group acquires a majority stake in Asda Group appeared first on F&L Asia.

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