Self-made petrol station tycoons in £6.5bn bid for Asda

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Mohsin Issa, 49, and his brother Zuber, 48, built up their company EG Group from a single garage in Bury, bought for £150,000 in 2001, to a £9billion giant with 5,400 outlets and 35,000 staff.
Two self-made billionaire brothers from the North of England have stunned the City by moving into pole position to buy Asda.



Yesterday it emerged the duo, whose family came to the UK in the 1960s 'with nothing', have been chosen as the preferred bidder in the battle to buy Asda, which would return the supermarket to British ownership.

Any deal is expected to value the supermarket at around £6.5billion. The decision has confounded the City who believed owners, US grocer Walmart, was ready to sign a deal with Apollo Global Management, which was headed up by former Debenhams boss Rob Templeman.

Preferred bidder: Any deal is expected to value the supermarket at around £6.5billion

Last week Lone Star Funds, which was working with former…
By Tom Witherow For The Daily Mail
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