Billionaire Issa brothers’ EG Group will buy forecourts to help fund £6.8m takeover
The buyers of Asda have announced plans to sell off its petrol forecourts and distribution centres to help fund a £6.8bn takeover.
The private equity firm TDR Capital and the billionaire Issa brothers aim to raise £950m from the sale of Asda’s distribution centres, which will then be leased back, while the group’s petrol stations will be bought by the brothers’ own EG Group for £750m.
