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Caffè Nero quashes EG Group takeover bid after refinancing debt

https://www.worldcoffeeportal.com/Latest/News/2022/January-(1)/Caffe-Nero-quashes-EG-Group-takeover-bid-after-sec

Caffè Nero has ended a takeover bid by petrol station forecourt operator EG Group after successfully completing £330m ($453m) debt refinancing. According to a report in the Financial Times , Caffè Nero has secured a six-year loan package from HSBC, Santander and Carlyle Group, alongside and undrawn credit facility of £85m that could be used to facilitate further international expansion.


Caff Nero ends EG Group takeover bid with... - The Caterer

https://www.thecaterer.com/news/caffe-nero-debt-refinancing-eg-group

Caffè Nero has completed a £330m debt refinancing, effectively ending a takeover bid from the Issa brothers' EG Group. Last April Mohsin and Zuber Issa, who own the Leon …


EG Group eyes up Caffè Nero - Talking Retail

https://www.talkingretail.com/news/industry-news/eg-group-eyes-up-caffe-nero-30-11-2020/

Caffè Nero is currently The brothers behind forecourt operator EG Group have made a bid to take over struggling coffee chain Caffè Nero, reports suggest. The CVA involves …


EG Group warns Caffè Nero of legal challenge after bid rejection

https://www.talkingretail.com/news/industry-news/eg-group-warns-caffe-nero-of-legal-challenge-after-bid-rejection-01-12-2020/

The news comes after Caffè Nero snubbed a takeover offer from EG Group. The Issa brothers made an offer for the coffee chain on Sunday (29 November) ahead of a meeting …


EG Group eyes Caffè Nero takeover - Restaurant

https://www.bighospitality.co.uk/Article/2020/11/30/EG-Group-eyes-Caffe-Nero-takeover

The billionaire brothers behind petrol forecourt business EG Group have made a bid to takeover Caffè Nero. According to Sky News , Mohsin and Zuber Issa wrote to Caffè …


Caffè Nero rejects takeover bid by EG Group founders

https://www.worldcoffeeportal.com/Latest/News/2020/December/Caffe-Nero-rejects-takeover-bid-by-EG-Group-founde

Troubled international coffee chain Caffè Nero has rejected a takeover bid by UK entrepreneurs, Zuber and Mohsin Issa. The EG Group founders, who operate more than 5,200 …


Caffè Nero scuppers EG Group takeover hopes with debt …

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/caff-232-nero-scuppers-eg-group-takeover-hopes-with-debt-refinancing-68431731

Majority ownership of Caffè Nero remains with Gerry Ford, founder and group CEO, alongside his family and friends. The debt agreement means EG Group is no longer a holder of …


Struggling Caffè Nero rejects bid from billionaire Issa …

https://www.theguardian.com/business/2020/nov/30/billionaire-issa-brothers-make-bid-for-struggling-caffe-nero

EG Group posted revenues of €20bn (£18bn) and a pretax loss of €82m last year. Caffè Nero was founded in 1997 by Ford as an Italian-style coffee chain in London. Before the …


Caffè Nero quashes EG Group - Boardwalk Coffee

https://boardwalkcoffee.ie/2022/01/14/caffe-nero-quashes-eg-group-takeover-bid-after-refinancing-debt/

Caffè Nero has ended a takeover bid by petrol station forecourt operator EG Group after successfully completing £330m ($453m) debt refinancing. According to a report in the …


High Court dismisses legal challenge to Caffe Nero …

https://www.thecaterer.com/news/caffe-nero-cva-eg-group-court-case

The high court has dismissed a legal bid by one of Caffe Nero's landlords to overturn its restructuring plans. On Wednesday a judge denied the attempt to block the coffee …


Asda owners to fund legal challenge against Caffè Nero

https://www.retailgazette.co.uk/blog/2020/12/asda-owners-to-fund-legal-challenge-against-caffe-nero/

Asda owners EG Group are reportedly offering to fund a legal challenge for landlords against the coffee chain Caffè Nero. The billionaire owners Mohsin and Zuber Issa …


Issa brothers: Blackburn EG Group founders reportedly buy £140 …

https://www.lancashiretelegraph.co.uk/news/19243288.issa-brothers-blackburn-eg-group-founders-reportedly-buy-140-million-caffe-nero-debt/

THE ISSA brothers are reportedly close to taking over Caffè Nero after a £140 million deal to buy the coffee chain's debts. The billionaire EG Group founders, from Blackburn, …


EG Group to fund a legal challenge against Caffè Nero - Kalkine …

https://kalkinemedia.com/uk/news/live/eg-group-to-fund-a-legal-challenge-against-caffe-nero

Mohsin and Zuber Issa owned EG Group has reportedly decided to fund a legal challenge against Caffè Nero Issa brothers have engag... UK AUS USA UK NZ CA. News . News. Events that …


EG Group eyes up Caffe Nero - report - Sharecast.com

https://www.sharecast.com/news/news-and-announcements/eg-group-eyes-up-caffe-nero---report--7730026.html

The British billionaire brothers behind the £6.8bn takeover of supermarket chain Asda are poised to swoop on coffee chain Caffe Nero, it was reported on Monday. According …


EG Group eyeing shot at coffee shop chain Caffe Nero

https://www.thebusinessdesk.com/northwest/news/2070496-eg-group-eyeing-shot-at-coffee-shop-chain-caffe-nero

EG Group in deal to acquire US convenience stores and fuel stations Caffe Nero also operates 150 stores under brands such as Harris & Hoole, which are not part of the CVA.


Caffè Nero Rejects Takeover Offer By Brothers Behind EG Group

https://www.hospitalityireland.com/restaurant/caffe-nero-rejects-takeover-offer-by-brothers-behind-eg-group-115615

Caffè Nero has rejected a takeover offer by the billionaire brothers behind petrol forecourt company EG Group, Zuber and Mohsin Issa. As reported by breakingnews.ie , the …


Billionaire brothers warn Caffe Nero of legal challenge after bid ...

https://news.sky.com/story/billionaire-brothers-warn-caffe-nero-of-legal-challenge-after-bid-rejection-12147931

Sky News has learnt that lawyers for EG Group, the petrol retailing giant headed by Mohsin and Zuber Issa, have written to Caffe Nero's parent company to highlight the likelihood …


Billionaire brothers mount daring raid on ailing Caffe Nero

https://news.sky.com/story/billionaire-brothers-mount-daring-raid-on-ailing-caffe-nero-12146941

Caffe Nero has moved to slash its rent bill as the COVID-19 crisis disrupts trade Why you can trust Sky News The billionaire brothers behind the British petrol retailing …


Caffè Nero rejects bid from billionaire Asda brothers - BBC News

https://www.bbc.com/news/business-55130053

Coffee shop chain Caffè Nero has rejected a takeover bid from the billionaire brothers behind petrol forecourt business EG Group. The Issa brothers, who are also buying the …


EG Group warns UK coffee chain Caffè Nero of legal challenge …

https://www.erpecnewslive.com/article/4363/eg-group-warns-uk-coffee-chain-caff-nero-of-legal-challenge-after-bid-rejection

Under EG’s bid, landlords would have been paid in full for rent arrears during the pandemic, compared with 30p in the pound under the CVA. Caffè Nero is seeking approval for …

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