The billionaire brothers behind Asda’s private equity takeover are moving their petrol station business to the US.
Mohsin and Zuber Issa will relocate EG Group from Blackburn to North Carolina, after having a base in their home town for 25 years.
EG is primed for a £9.7billion stock market listing in the US, where it makes the largest slice of its sales.
It no longer runs petrol stations in the UK after selling them to Zuber Issa last year. They are now known as EG On The Move.
The pair are best-known for buying Asda alongside private equity group TDR Capital in 2021.
But Mohsin Issa has stepped down from running the grocer while his brother sold a 22.5 per cent stake to TDR. EG’s remaining British business will be moved to Bolton, Greater Manchester.
Gassed out: Mohsin, left, and Zuber Issa (pictured) will relocate EG Group from its Bradford headquarters to a new site in Charlotte, North Carolina
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