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Caffè Nero rejects bid from billionaire Asda brothers

Daniel ThomasDecember 3, 2020December 9, 2020Uncategorized

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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 grocer Asda, made the offer on Sunday ahead of a key meeting between the coffee chain and its creditors.

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