Deal would help Asda move into convenience retailing and cut costs at merged entity by about £100m, as well as reduce EG’s debts
Asda is finalising a deal to buy its sister business EG Group’s UK and Irish petrol forecourts in a deal worth £3bn, allowing the supermarket to step up its shift into convenience retailing.
The businesses are expected to formally announce a long-awaited tie-up in the next few days, which will create a combined business worth about £10bn.
