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EG Group gross sales slide as billionaire Issa brothers work to slash debt

Second-quarter gross sales slid at forecourt and retail enterprise EG Group because the billionaire Issa brothers labored to slash the corporate’s debt.Revenues for the three months to the tip of June fell 18% to $7.3 billion, whereas pre-tax earnings fell 4% to $335 million,...

Issa brothers’ EG Group launches enormous $6.1 billion debt refinancing deal

The Issa brothers’ EG Group has launched into a staggering $6.1 billion debt refinancing deal because it faces looming deadlines over billions of kilos of loans.The agency stated in the present day it had entered into discussions with lenders to increase the size of...