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Sarah Townsend
Blackburn-based retailer EG Group has offered up 27 of its petrol station forecourts across the country as part of its takeover of the supermarket giant, to quell any residual worries the Competition & Markets Authority has about the deal.
The Government’s capital markets regulator is investigating EG’s proposed acquisition of a majority stake in Asda Group in a consortium with private equity firm TDR Capital – a £6.8bn deal agreed last October but still awaiting regulatory approval.
EG, whose subsidiary Euro Garages has more than 5,200 petrol stations across the UK and Europe, is owned by billionaire brothers Zuber and Mohsin Issa, who also also own a substantial regional property portfolio through investment vehicles such as Monte Blackburn, which is developing the Frontier Park logistics scheme in Lancashire.
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