Monday 29 November 2021

Issa Brothers Mulling Merger Of Asda And EG Group

The entrepreneurs and private equity partners TDR Capital have recently been reviewing options to break up their 6,000-strong global forecourt empire. However, Bloomberg News reported on Friday that a merger of their two businesses is being discussed to create a combined entity valued at around £26bn, including debt.

NamNews Implications:
  • A listing in the short or even medium-term i.e. going public unlikely (debt)…
  • Australian petrol sites sale a probability to simplify holdings (and raise some cash)
  • Suppliers should anticipate amalgamation, if only to optimise buying power…
#Amalgamation #Simplification #CoreBusiness #Optimisation

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