A PYMNTS Company

Issa Brothers Sell UK Gas Stations To Fix Antitrust Concerns

By  |  October 5, 2021

The Issa brothers’ EG Group has agreed to sell 27 petrol filling stations to Park Garage Group to address the concerns of Britain’s competition regulator relating to the brothers’ acquisition of British supermarket Asda.

In June, Zuber and Mohsin Issa and private equity group TDR Capital, who jointly own EG, agreed undertakings with the Competition and Markets Authority (CMA) to divest the sites.

The Issa brothers’ EG Group has agreed to sell 27 petrol filling stations to Park Garage Group to address the concerns of Britain’s competition regulator relating to the brothers’ acquisition of British supermarket Asda.

In June, Zuber and Mohsin Issa and private equity group TDR Capital, who jointly own EG, agreed undertakings with the CMA to divest the sites.

EG stated all existing staff at the petrol stations to be divested will transfer to Park Garage Group. On Monday, October 4, EG acquired the Cooplands bakery chain. It bought the LEON fast food restaurant chain in May.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.