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Billionaire Issa brother nears deal to sell Asda stake to TDR Capital

Billionaire Issa brother nears deal to sell Asda stake to TDR Capital
Zuber Issa began talks earlier this year about selling his stake in Asda, and plans to step back as co-chief executive officer of EG Group

Born in Blackburn, England, the sibling duo founded EG Group and built up a $30 billion empire of petrol stations and convenience stores across Europe, the US and Australia over the span of two decades, financing their ambitions with dozens of debt-funded deals. Since 2015, TDR has backed most of their significant acquisitions.

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