London: A £8 billion ($9.87 billion) takeover of sandwich chain Subway is reportedly being considered by the billionaire British Muslims Issa brothers, according to media reports.
According to reports, Mohsin and Zuber, who built their business empire out of a single petrol station in the Greater Manchester region in 2001, are planning to purchase the chain, which had more than 37,000 locations across more than 100 countries in 2021.
The brothers share ownership of the Euro Garages company with TDR Capital, which manages more than 6,600 petrol stations worldwide and has Subway restaurants at 340 of its locations.
Also Read: First hijab-wearing United states Supreme Court judge born in Syria makes history
What better way to prove who's in charge than by owning them? "EG Group has long felt that Subway treats them the same way as other franchise partners and that their rapid growth hasn't been appreciated.
Also Read: The US wants to downplay its role in the Nord Stream explosions the Russian embassy claims
Another source told the newspaper that the brothers' completion of the purchase would "make good sense." The EG Group, the largest franchise owner of KFC in Europe, completed the £6.8 billion acquisition of supermarket giant Asda in 2021.
Also Read: California is hit by a second strong Pacific storm that is wet and snowy
Additionally, it helped open the UK's first drive-through restaurant serving Indian street food in the British town of Bolton. It also owns the Leon restaurant chain.