Issa Brothers Restructure Business Empire with Major Asda Stake Sale

Zuber Issa sells his 22.5% stake in Asda to TDR Capital, marking a significant shift in the brothers' business interests.

TDR Capital's ownership in Asda rises to 67.5%, with Mohsin Issa retaining 22.5% and Walmart holding 10%.
Zuber Issa steps down as Co-CEO of EG Group, acquiring its remaining UK forecourt sites for £228 million.
Union concerns grow over TDR Capital's increased stake, citing negative impacts on consumers and staff.
EG Group plans to use proceeds from the sale to repay debt and strengthen its balance sheet.
The Issa brothers, who built their empire from a single petrol forecourt, are now pursuing separate business ventures.