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Billionaire Issa brothers' told they must sell 27 petrol stations to complete Asda takeover

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manchestereveningnews.co.uk

Don't miss a thing that's happening in and around Bury by signing up to the free MyBury newsletter The £6.8 billion takeover of Asda by the Issa brothers has hit a snag.

The billionaire duo, who started off their business empire with a single petrol station in Bury, have been told they will need to sell 27 fuel stations for the takeover to go ahead, the Mirror reports.

The competitions watchdog said Mohsin and Zuber Issa — who own the Euro Garages business — would have to sell part of their network for the transaction to be reconsidered.

The warning from the Competition and Markets Authority (CMA) comes amid concerns the purchase of Asda could lead to higher petrol prices in some parts of the country.

Read more on manchestereveningnews.co.uk
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