Mohsin Issa: Last News

Asda has officially taken over 132 Co-op locations in a £600million deal.

Asda has issued a hopeful message to motorists over future fuel prices. It comes after Asda Group acquired EG Group's UK business for more than £2 billion. A key part of the deal is that Asda will now be able to roll out Asda Express locations across 356 sites previously held by EG UK which includes petrol filling stations.

Asda has stepped up its support for older customers as they continue to be disproportionately affected by spiralling living costs. Shoppers over the age of 60 will soon be able to benefit from a cheap ‘winter warmer’ meal deal at Asda cafes as the temperatures begin to dip.

The billionaire Issa brothers have agreed a £600m deal for Asda to buy the Co-operative Group's 129-strong petrol forecourt chain.

direct to your inboxEarlier this year, the news was announced that Manchester billionaire duo Mohsin and Zuber Issa had bought Asda from Walmart in a landmark £6.8bn deal.The deal, which put the supermarket back in majority British ownership for the first time in over 20 years, was confirmed after an offer from a consortium of Zuber and Mohsin Issa and private equity firm TDR Capital.But today The Competition and Markets Authority (CMA) said it has launched a Phase 1 investigation into Bellis Acquisition Company 3 Limited's proposed purchase of Asda Group Limited.This is the company owned by Mohsin and Zuber Issa, who also own the Euro Garages chain.It said the probe will look into what impact the merger could have on competition and prices

Supermarket giant ASDA has been sold for £6.8bn, it has been reported.American-owned Walmart has accepted an offer from a consortium of Zuber and Mohsin Issa and private equity firm TDR Capital, meaning the supermarket chain will be majority owned by UK firms for the first time in over 20 years.