{"id":580729,"date":"2023-05-31T09:46:52","date_gmt":"2023-05-31T04:16:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=580729"},"modified":"2023-05-31T10:33:26","modified_gmt":"2023-05-31T05:03:26","slug":"issa-brothers-to-merge-asda-with-petrol-station-biz-in-2-8-billion-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/issa-brothers-to-merge-asda-with-petrol-station-biz-in-2-8-billion-deal\/","title":{"rendered":"Issa brothers to merge Asda with petrol station biz in $2.8-billion deal"},"content":{"rendered":"<p>Asda agreed to buy EG Group\u2019s UK and Ireland gas-station business in a move that aims to create a convenience retailing empire in one of the world\u2019s most competitive food markets. <\/p>\n<p>The billionaire Issa brothers, Mohsin and Zuber, announced the merger Tuesday for an enterprise value of about $2.8 billion, combining two businesses that are they both own with buyout firm TDR Capital. The deal will help EG refinance debt coming due in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asda agreed to buy EG Group\u2019s UK and Ireland gas-station business in a move that aims to create a convenience retailing empire in one of the world\u2019s most competitive food markets. The billionaire Issa brothers, Mohsin and Zuber, announced the merger Tuesday for an enterprise value of about $2.8 billion, combining two businesses that are they both own with buyout firm TDR Capital. The deal will help EG refinance debt coming due in 2025.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-580729","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/580729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=580729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/580729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=580729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=580729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=580729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}