Financial Times published this video item, entitled “EG Group: building an empire on debt-fuelled growth | FT Big Deal” – below is their description.
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 it purchased Asda for £6.8bn, but with no experience in running a supermarket chain, what will the company do with it?
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