Business giants the Issa brothers, who made their fortune after buying a petrol station in Bury , have dropped out of a proposed £750m acquisition of Asda petrol stations.
The Issa Brothers’ EG Group, along with TDR Capital, took control of Asda in a £6.8bn deal last year. With the agreement raising concerns from the Competition and Markets Authority (CMA), the brothers agreed a deal in October to sell off 27 petrol station sites to address competition fears. Read more: She paid £36k rent in Alderley Edge - then decided it's too Tory The agreement would have allowed Zuber and Mohsin Issa to acquire Asda’s forecourt business, reports Business Live.
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