Petrol station tycoons Issa brothers on verge of £6.8bn Asda buyout

Billionaires brothers offered to sell 27 petrol stations to address competition concerns

The billionaire petrol station tycoons the Issa brothers are on the verge of finalising their £6.8bn debt-fuelled buyout of the supermarket chain Asda, after offering to address concerns raised by the competition regulator.

The Blackburn-based brothers, who leased their first petrol station in 1999, are in the midst of a buying spree that has seen them snap up upmarket the fast food chain Leon, with Caffè Nero thought to be next on their shopping list.

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