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Asda is owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital

UK supermarket Asda refinances over £3 billion of debt

British supermarket Asda has refinanced over £3.2 billion of debt, pushing out the majority of its maturities into the next decade, it said today.

Business • 03 May 24

Asda has today announced a deal to buy petrol station operator EG Group

UK supermarket Asda to buy EG Group

British supermarket group Asda said today it would acquire petrol station operator EG Group's UK and Ireland business to create a company with combined revenues of nearly £30 billion.

Business • 30 May 23

Asda has cancels the proposed deal with EG Group, which is owned by the Issa Brothers, the part-owners of Asda

Asda cancels plan to sell off petrol forecourts

The billionaire brothers who took over Asda earlier this year have abandoned a £750m plan to fold the company's petrol forecourts into their filling station empire.

Business • 19 Oct 21

Mohsin and Zuber Issa bought a majority holding in Asda from US giant Walmart last month

Asda boss to leave business after Issa's purchase

The chief executive of Asda, Roger Burnley, will leave the British supermarket chain next year, a month after the billionaire Issa brothers and private equity group TDR Capital completed their purchase of the group.

Business • 19 Mar 21

UK's Asda ends Walmart era on the up

British supermarket group Asda ended its 22 years under Walmart ownership with accelerating underlying sales in the Christmas quarter, driven by strong demand for premium ranges.

Business • 18 Feb 21

In October, Mohsin and Zuber Issa and TDR agreed to buy a majority stake in Asda from US giant Walmart

UK regulator starts probe of Asda sale to Issa brothers

The UK competition regulator said today it had formally launched an inquiry into the acquisition of British supermarket group Asda by the Issa brothers and private equity group TDR Capital.

Business • 08 Dec 20