EG Group: building an empire on debt-fuelled growth | FT Big Deal

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EG Group, run by the billionaire Issa brothers and a secretive private equity firm, has rapidly grown into a petrol stations empire with €20bn in annual revenues. As the FT’s Kaye Wiggins explains, the business has been built on debt, low interest rates and bold ambition. Last year its owners purchased Asda for £6.8bn, but with no experience in running a supermarket chain, what will they do with it?

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