Zuber Issa has sold his 22.5% stake in Asda to TDR Capital and the private equity firm now holds 67.5% in the supermarket group, his brother Mohsin still owns 22.5%.

Mohsin (left) and Zuber (right) Issa purchased Asda in 2021. A year later, they agreed to buy the Co-op group's petrol stations for £600million© Provided by Daily Mail Retail veteran Lord Stuart ...

Buying Zuber Issa's 22.5% stake will give TDR 67.5%, with 22.5% still owned by his brother Mohsin. Asda said the transaction is set to complete in the third quarter of 2024.

The decision comes after TDR acquired the 22.5% Asda stake held by Zuber Issa, Mohsin’s brother, in June. The move — first reported by Bloomberg News — gave the private equity firm majority ...

EG On The Move is expanding its partnership with Co-op following a successful trial last year. The forecourt operator, owned ...

Zuber Issa, one of the billionaire brothers who own Asda, is reportedly in discussions to sell his £500m, 22.5% stake in the grocery business.

Asda Group Ltd. is planning a bond and loan issuance to help refinance the debt pile that supported its acquisition by gas-station entrepreneurs Mohsin and Zuber Issa, according to people familiar ...

The £1million-plus outlet with a drive-thru will open on the frontage of the Issa brothers’ EG Group in Haslingden Road, Blackburn, near the M65, after plans were agreed by Blackburn with ...

After spending the first 20 years of the century aggregating c-store chains, reports indicate that the Issa brothers of EG Group are targeting a New York-based initial public offering for U.S ...

In October, Mohsin and Zuber Issa and TDR agreed to buy a majority stake in Asda from U.S. giant Walmart in a deal giving the chain an enterprise value of $8.8 billion.