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Ant Group

January 24, 2023

In this week’s FB Roundup, the Issa brothers explore a £13 billion merger of Asda and EG Group; Sir Jim Ratcliffe confirms his interest in buying Manchester United; and Ryan Cohen buys a stake in Alibaba Group.

Issa brothers explore £13 billion merger of Asda and EG Group
Mohsin and Zuber Issa, the billionaire brothers who own a majority stake in UK supermarket giant Asda, are exploring a potential £13 billion merger with their filling station and convenience store chain, EG Group.

The British-Indian siblings, who made their fortune co-founding the Euro Garages chain of petrol filling stations, acquired the supermarket giant in 2021 for £6.8 billion along with private equity firm TDR Capital.

January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

August 1, 2022

In this week’s FB Roundup, Bernie Ecclestone's daughter offers a $7.2 million reward for stolen jewellery; tech tycoon Jack Ma plans to transfer control of the fintech giant Ant Group; and Yang Huiyan, Asia's richest woman, loses half her wealth in China's property crisis.

Bernie Ecclestone's daughter offering $7.2 million reward for stolen jewellery
Tamara Ecclestone, the daughter of British billionaire and ex-Formula One boss Bernie Ecclestone, has made a public offer of up to $7.2 million for information leading to the recovery of jewellery worth more than $31 million.

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