Zuber Issa set to complete his £228 million purchase of the 34 UK forecourts
Zuber Issa’s deal is on the horizon – as he looks set to finally complete the £228 million purchase of the 34 UK forecourts by the final quarter of this financial year.
EG Group had confirmed in June that it has agreed to sell its remaining UK forecourt business and certain standalone foodservice locations for £228m to co-founder Zuber Issa.
On completion of the transaction, Zuber steps down as Co-CEO of EG Group, with Mohsin Issa continuing to lead the business as sole CEO. Zuber will retain his existing shareholding in the company and remain on the Board as a Non-Executive Director. TDR Capital and Mohsin’s shareholdings in EG Group also remain unchanged.
