Issa brothers linked to Asda acquisition

By Tim Aldred

29 Sep 2020

The Blackburn-based entrepreneurial duo of Mohsin and Zuber Issa are reportedly front-running contenders to buy supermarket giant Asda.

Asda's current owners, American firm Walmart, have been seeking a buyer and restarted negotiations in July after the coronavirus pandemic halted progress.

It is now speculated that the two brothers, who founded the Euro Garages group which now employs more than 30,000 around the world, could team up with London-based TDR Capital to purchase a controlling share.

EG already has a working relationship with the supermarket, housing Asda On the Move stores in three of its forecourts.

Should the deal go through, it would value Asda at around £6.5bn and bring the company back under British control for the first time since 1999.

  • For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.

Enjoyed this? Read more from Tim Aldred

Latest news

1

Debenhams Group in Burnley return - bringing 1,200 jobs Boohoocom Ph3 Burnley 3 1

Debenhams Group in Burnley return - bringing 1,200 jobs

23 Oct 2026

2

Business invited to take part in LCC budget consultation Budget Facebook V20263

Business invited to take part in LCC budget consultation

23 Oct 2026

3

Wastewater instruments manufacturer in Swedish buyout Pi Wtr Photo

Wastewater instruments manufacturer in Swedish buyout

23 Oct 2026

4

HMRC compliance is a business priority Mandylockett

HMRC compliance is a business priority

22 Oct 2026

5

Blackpool shortlisted for UK City of Culture 2029 A Collection Of The People Involved In Blackpools City Of Culture Bid Celebrate Shortlisting

Blackpool shortlisted for UK City of Culture 2029

22 Oct 2026

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV131 November/December Magazine Networking Event
LBV131 Magazine Launch Social720No Text 19 Nov 2026

LBV131 November/December Magazine Networking Event

The Landmark, School Lane, Burnley, BB11 1UF

08:30 - 10:30

Lancashire Business Day 2026
LBD26 WW Logo720 27 Nov 2026

Lancashire Business Day 2026

Burnley Football Club, BB10 4BX

12:00 - 17:00

Sub36 Reunion & Networking
03 Dec 2026

Sub36 Reunion & Networking

Burnley Football Club, BB10 4BX

15:00 - 17:00

Help to Grow: Management Course
Help To Grow 25 Sep 2026 - 15 Dec 2026

Help to Grow: Management Course

University of Lancashire, Preston, PR1 2HE

09:30 - 12:00

Lancashire Finance Leaders Forum: The Autumn Budget in Focus
ian-UmTFcwHLPC0-unsplash.jpg.jpg 29 Oct 2026

Lancashire Finance Leaders Forum: The Autumn Budget in Focus

Farington Lodge Hotel, Stanifield Lane, PR25 4QR

08:00 - 10:00

The PM+M Autumn Budget seminar - East Lancashire
Autumn Budget 2026 LBV 29 Oct 2026

The PM+M Autumn Budget seminar - East Lancashire

Blackburn Rovers Football Club (Premier Suite), Blackburn, BB2 4JF

08:00 - 10:30

Autumn Budget 2026
Lancaster And Morecambe Logo 1 30 Oct 2026

Autumn Budget 2026

Lancaster & Morecambe College, Lancaster, LA1 2TZ

08:00 - 10:00

Blackburn Budget Breakfast 2026
LBV Website Events GraphicBudget Breakfast 30 Oct 2026

Blackburn Budget Breakfast 2026

Premier Suite, Blackburn Rovers FC, Blackburn, BB2 4JF

07:30 - 10:30

Chamber Breakfast Networking – November
Lancaster And Morecambe Logo 1 03 Nov 2026

Chamber Breakfast Networking – November

Porsche Centre South Lakes, Carnforth, LA6 1FW

08:30 - 10:30

Funding Unlocked
IMG_3058.jpeg.jpg 04 Nov 2026

Funding Unlocked

Accrington Stanley FC, Accrington , BB5 5BX

10:00 - 12:30

Clubhouse Business Network sponsored by Orca Finance - November 2026
Club House Padel 05 Nov 2026

Clubhouse Business Network sponsored by Orca Finance - November 2026

Clubhouse, Blackburn, BB1 3NT

14:00 - 16:00

The Business Network Central and East Lancashire
12 Nov 2026

The Business Network Central and East Lancashire

Longridge House, Preston, PR3 2TB

11:30 - 14:15

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV130 Online GraphicWebsite
Subscribe now

Weekly news bulletin