Issa Brothers' EG Group Pulls Out of Italy to Pay Off Debt

Issa brothers' EG Group pulls out of Italy to pay off debt

The Blackburn-based EG Group founded in 2001 by the town’s billionaire Issa brothers has agreed the sale of its Italian business as it continues to repay its debts.

EG Group sells €425m Italian business to repay debt – Northern Financial Review

Blackburn-based petrol forecourt and convenience retail giant EG Group — owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital — said it agreed to sell its Italian business to a consortium of leading Italian operators for an enterprise value of €425 million. Proceeds of the sale will be used to further repay debt. The consortium includes PAD Multienergy, Vega Carburanti, Toil, Dillela Invest and GIAP. EG Group CEO Russ Co…

EG Group Selling Business In Italy

Blackburn-headquartered international forecourt and convenience site operator EG Group has entered into an agreement to sell its Italian business to a consortium of established local businesses. The deal with PAD Multienergy, Vega Carburanti, Toil, Dilella Invest and GIAP values the (more…) The post EG Group Selling Business In Italy appeared first on KamCity.

Billionaire Issa brothers' EG Group sells Italian arm to consortium for £367m

The Blackburn-headquartered group, which was co-founded by billionaire brothers Mohsin and Zuber Issa and is now co-owned by private equity giant TDR Capital, has agreed terms with a consortium of established Italian operators

Issa brothers sell £367m Italian business to reduce debt

The Issa brothers’ international forecourt business EG Group is planning to reduce its debt by selling off its Italian arm.