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Share Price: 296.90

Bid: 286.00

Ask: 318.60

Change: 0.00 (0.00%)

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Britain's EG Group appoints Rose as non-executive chairman

Thu, 21st Jan 2021 08:07

LONDON, Jan 21 (Reuters) - British convenience store and
fuel retailer EG Group said on Thursday it had appointed Ocado
Chairman Stuart Rose as non-executive chairman.

Rose, former CEO and chairman of Marks & Spencer,
is due to retire from online grocer Ocado in May.

EG Group is jointly owned by the Issa brothers, Zuber and
Mohsin, and by private equity firm TDR Capital.

Separate from their investment in EG Group, the Issa
brothers and TDR agreed last October to buy a majority stake in
supermarket group Asda from Walmart.
(Reporting by James Davey; editing by Jason Neely)

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