All the updated news related to eg group

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Asda and EG Group merger would be deeply irresponsible, union says

A union representing workers at Asda has said a potential merger of the supermarket with EG Group’s UK petrol stations could risk jobs, food supplies and monopolise petrol stations across the UK. The GMB Union wrote to Business Secretary Kemi ...

27 Apr 2023 at 14:24

City

Morrisons tipped to beat EG in race to buy McColl’s

Morrisons is expected to win control of collapsed retailer McColl’s after a takeover battle with EG Group. The convenience chain fell into administration on Friday, plunging the future of its 1,100 shops and 16,000 staff into doubt. Sky News ...

09 May 2022 at 12:55

City

Co-op strikes £600m deal to sell petrol stations to Asda to help boost finances

The Co-operative Group has agreed a £600 million deal to sell its petrol forecourt business to supermarket giant Asda in the latest move to bolster its finances. The sale will see 5% of Co-op’s entire retail estate – including 129 petrol ...

31 Aug 2022 at 12:32

City

Asda co-owner Mohsin Issa steps back as hunt for CEO continues

Asda co-owner Mohsin Issa has confirmed he will step down from running the supermarket and will hand over the reins to chairman Lord Stuart Rose and the management team. Asda said Mr Issa will this week leave his executive role to ...

18 Sept 2024 at 13:55

City

‘No price hikes’ in supermarket as Asda buys petrol station operator for £2.2bn

The chairman of Asda has promised that food prices will not go up because of a deal to buy the UK business of its sister company, petrol station giant EG Group, for more than £2 billion. Lord Stuart Rose said that the supermarket ...

30 May 2023 at 13:17

City

Morrisons and EG Group launch final bids for McColl’s

Morrisons and EG Group have both tabled final offers to secure a rescue deal for collapsed retailer McColl’s. The convenience chain fell into administration on Friday, plunging the future of its 1,100 shops and 16,000 staff into ...

09 May 2022 at 08:55

City

Asda finalising £10bn merger with EG Group – reports

The owners of Asda will announce a £10 billion tie-up of the supermarket with their petrol station empire on Friday, according to a report. Sky News said that the billionaire Issa Brothers are planning to combine the UK arm of ...

25 May 2023 at 18:07

City

Asda buys petrol empire from its owners for £2.3 billion

Asda has bought its sister business EG Group’s UK and Irish operations for £2.27 billion, it said on Tuesday, bringing another 350 petrol stations into its portfolio. The supermarket’s co-owner Mohsin Issa, who also ...

30 May 2023 at 08:00

Asda owner EG Group to acquire Tesla’s ultra-fast chargers

Petrol station giant EG Group has announced it is to acquire ultra-fast electric vehicle (EV) chargers from manufacturer Tesla. EG, run by Asda owners Mohsin and Zuber Issa, said the chargers will be branded ...

13 Nov 2023 at 12:20

City

Asda ‘in £450m bid for Co-op’s petrol stations’

Supermarket giant Asda has reportedly emerged as the frontrunner in the bid to take over the Co-op Group’s petrol stations for £450 million. The chain is in talks to buy the business as it prepares to move ...

30 Aug 2022 at 11:53

City

KFC to buy 200 restaurants from franchisee EG Group

KFC has said that it will buy more than 200 outlets owned by a franchisee and sister company of supermarket Asda. The fast food chain said that it would take over the sites in the UK and Ireland, which ...

06 Dec 2023 at 12:08

City

Morrisons clinches rescue deal to save McColl’s

Morrisons has beaten EG Group in a takeover battle for collapsed retailer McColl’s. Bosses said all McColl’s staff will keep their jobs as the firm’s shops transfer to the new owner, while Morrisons ...

09 May 2022 at 18:25

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