Asda Mulls Sales of Gas Stations to EG Group Amid Mega Buyout

U.K. retailer Asda Group Ltd is considering selling some or all of its gas stations to EG Group Ltd, whose owners are in the process of buying the grocery chain, according to people familiar with the matter.

Private equity firm TDR Capital and brothers Mohsin and Zuber Issa are set to buy Asda, in a 6.8 billion pound ($9.15 billion) deal, with current owner Walmart Inc keeping a minority share. If the sale of the gas stations goes ahead, the assets would remain in the hands of TDR and the Issas since they also own EG Group.

EG Group ...