Who are Indian-origin billionaire brothers buying UK’s Asda in $8.8 bn deal?


Team Udayavani, Oct 3, 2020, 3:04 PM IST

Indian-origin billionaire brothers, Mohsin and Zuber Issa, along with British firm TDR Capital, are buying UK’s supermarket chain Asda from Walmart in an $8.8 billion deal.

Announcing the deal, Walmart said Asda would keep its headquarters in Leeds in northern England, with chief executive Roger Burnley continuing to be in charge.

According to BBC,  Industry insiders describe the brothers as softly spoken and modest. At one industry awards ceremony several years ago, the brothers were present but were said to be too shy to claim their award on stage.

Their parents arrived in the UK from Gujarat in the 1970s to work in the textile industry. The brothers own EG Group, which has more than 5,000 petrol stations across the UK and Europe

Based in Blackburn, Zuber Issa, 48, and Mohsin Issa, 49, began small, working on a petrol station in Greater Manchester in 2001, and went on to build a chain of thousands of petrol stations in Europe and the United States as part of their company, EG Group.

 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Related Articles More

Udupi: ‘Team Taulava’ takes charge to preserve endangered ancient monuments

Mangaluru: Special children add colour to Deepavali with hand-painted diyas

Boeing satellite explodes in space adding to orbital debris woes

Bantwal Jayaram Acharya: The comedic genius who bridged tradition and modernity in Yakshagana

Kalladka’s Fall: Once bustling market now swallowed by construction

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.