The Issa brothers’ petrol empire faces a growing risk of a ratings downgrade if it fails to address its £7bn debts by the end of June.
Moody’s, the rating agency, has warned that “negative rating pressure could develop” if EG Group does not produce a plan for alleviating a debt pile that starts to mature next year.
Mohsin and Zuber Issa are exploring a range of options to reduce EG Group’s debt, including a merger of the business with Asda.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
