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TDR-backed Asda bosses mull £12bn merger with petrol forecourt business

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The owners of Asda are considering merging the UK supermarket chain with EG Group, their UK petrol forecourts business, in a mega deal that would create a retail giant worth between £11bn-£13bn.A report in The Sunday Times said that a possible merger was being considered as part of refinancing at EG Group, which has £7bn of debt falling due in 2025.Both...

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