issa brothers contact details

Mohsin and Zuber. [2], In April 2021 it was announced that the Issa brothers purchased British fast food chain Leon via EG Group, comprising more than 70 restaurants across the UK, in an acquisition reportedly worth up to 100 million. We look forward to supporting them, and Roger Burnley and the management team at Asda, to build on the businesss inherent strengths and drive long-term sustainable growth.. The proposed mosque has been described as an "impressive facility", The Issa brothers started their business with a single petrol forecourt in Bury in 2001. Issa Brothers has agreed to spend at least $3.4 million on upgrades and repairs to the banquet center. The start date for Revive is April 1, 2023, roughly the start of the golfing season next year. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. The city will earn 10% of gross revenues on the golf course green fees, and 10% of net alcohol sales. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for S$95 per month. Monte Blackburn Ltd want to . During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. registered office changes, strike off actions, charges and more. Get your free evaluation kit today! You will learn immediately about the appointment and dismissal of directors, The Issa brothers, together with TDR Capital, bring significant expertise in convenience retail and brand partnerships to help Asda serve a wider base of UK shoppers Existing Asda management team to continue to drive the current growth strategy, with ongoing access to Walmart's global sourcing scale and innovation [18] Later in the year, the brothers attempted to acquire McColl's, but lost out to Morrisons. LEEDS, UK, and BENTONVILLE, Ark., February 16, 2021 Walmart Inc. (Walmart), Asda Group Limited (Asda), the Issa brothers and TDR Capital have today announced that the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, have completed the acquisition of Asda, Walmarts wholly-owned UK business, for an enterprise value of 6.8 billion, on a debt-free and cash-free basis. Everybody wants the golf course up and running.. He asked each of the other five council members in attendance what the contract does for the city. He said its in the best interest of the course to get it up and going, rather than sitting empty and rotting more. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart. It has grown fast, making more than 6 billion euros of acquisitions in 2018 and 2019, adding sites in Europe, the U.S. and Australia . The billionaire brothers who co-own the Asda supermarket chain borrowed tens of millions of euros interest-free from their petrol station empire EG Group to buy two private jets. Council Chairman Dave Abdallah said suggestions from all members of the council have been evaluated and included where possible over the past few months. [1] In 2020, as part of a consortium with TDR Capital, the brothers became majority stakeholders in the British supermarket chain, Asda. Under CEO Roger Burnley and his management team, Asda has demonstrated huge resilience during the COVID-19 pandemic, almost doubling its online operations in a matter of months. Mr Riley, the council's lead on regeneration, said it was "going to be no ordinary mosque". ISSA Contact Info Business Hours Monday - Friday 6:30 AM - 5:00 PM PST Telephone 1-800-545-4772 +1-855-478-0340 (International Callers) Fax +1-805-745-8119 Address ISSA 11201 N. Tatum Blvd Ste 300 PMB 28058 Phoenix AZ 85028-6039 USA Ready to jump-start your career? City Attorney Gary Miotke said the original request for proposal that was granted to Issa Brothers is different from the final contract after the golf course was fully checked over and found to be in considerably worse condition than what was understood at the time the RFP package was put out.. Zuber and Mohsin Issa, 48 and 49, started their business with a single petrol | 11 comments on LinkedIn The Issa brothers and TDR Capital intend to launch the syndication of 840 million (729 million) of institutional term loan B facilities and, later, the offering of 2.2 million of senior . about the new company documents, bankruptcy or liquidation of the Company. [15], Through their Monte Group company the Issa brothers are investors in the sports brand Castore. [1] In February 2021, the Issa brothers Zuber and Mohsin and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, completed the acquisition of Asda. Brothers Mohsin and Zuber Issa founded EG Group, which owns 6,000 petrol stations and various fast food brands in Europe and the US. This means that we may include adverts from us and third parties based on our knowledge of you. "EG has a strong track record of providing colleagues with long-term opportunities to progress their career at all levels and we are passionate about continuing this.". Asda has been a powerhouse of innovation for the rest of the Walmart world, and we look forward to continuing to learn from them in the future. [10] The company grew through a series of acquisitions. They each answered similarly that it reopens the golf course for the residents and potentially starts earning revenue for the city. Accountancy firm. Brothers Mohsin and Zuber Issa founded EG Group, which owns 6,000 petrol stations and various fast food brands in Europe and the US. "It's going to be an impressive community facility and can only enhance the spirit of the town itself.". In his spare time, he has authored comic books and works on various anthology books both fiction and non-fiction. Find out more information about ISSA BROTHERS (UK) LIMITED. organisation We sat with them in the mayors office, he said. Billionaire brothers Mohsin and Zuber Issa's EG Group is hiring almost 23,000 people in the UK by expanding more people at Asda, Cooplands and Leon and tie-ups with KFC and Starbucks. Councilman Tom Wencel then asked what exactly they voted on, thinking they had been voting on an amendment, not the contract itself. The contract was approved 6-0. Sky said the firms pulled out because Walgreens wanted too much money for Boots. We addressed the items that we talked about at the last meeting.. Prior to EG Group, Zuber established a number of enterprises including a chain of newsagents in busy mall locations in the north-west of England. In February 2018, it was announced that Euro Garages would acquire 762 convenience stores in the United States from Kroger. informed about such changes. Asda: a history. Two UK billionaire brothers have succeeded in buying supermarket giant Asda. The city will buy equipment to maintain the golf course, which could cost between $790,000 to $1.7 million, and another up to $800,000 to get the property ready for a certificate of occupancy. personalising content and ads, providing social media features and to However, planning manager Gavin Prescott said the proposed 95ft (29m) towers were "typical of Islamic architecture". He said no matter how much he personally likes or dislikes something, he has to vote in the best interest of the city as a whole. Asdas customer-centric philosophy, focus on operational excellence and commitment to the communities in which it operates are the same values that we have built EG Group on. Judith McKenna, President and Chief Executive Officer of Walmart International, said: We are delighted to be able to announce this deal today, which we believe creates the right ownership structure for Asda, building on its 71 year-heritage, whilst bringing a new entrepreneurial flair, not only to Asda, but also to UK retailing. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Petrol station tycoons Issa brothers on verge of 6.8bn Asda buyout Billionaires brothers offered to sell 27 petrol stations to address competition concerns Zuber and Mohsin Issa are the. I go to sleep at night and pray to God that I make the right decision.. Founded in 2001 by the Issa family with the acquisition of a single site in the UK, today the company is at . We use The Issa brothers are both British-Indians, British-Gujaratis and British-Muslims. The contract start date is whatever day it is officially signed. The BBC is not responsible for the content of external sites. The group will also hire new staff at its head office in Blackburn. [6] They were educated at Witton Park High School. After leaving school, the brothers worked in the rag trade for a short time, Zuber went on to run a news kiosk in Blackburn called Euro News. Wencel alleged a top-secret meeting took place between Abdallah, the city administrator, and the Issa Brothers. Wencel said the benefits to the contractor are more than to the city. The Issa brothers also want to create jobs by opening more big-name firms to its petrol stations and Asda carparks - like Starbucks and KFC . Every day, our committed workforce tirelessly deliver our products and services to millions of customers alongside supporting the local communities in which we operate. The city would not get profits from the banquet facility otherwise. Now EG Group has unveiled plans to create 32,000 more jobs across the world - with 22,700 in the UK. "It's going to be an absolutely landmark building at a very important gateway," he said. Zuber Issa and his brother Mohsin Issa have come under criticism for their tax affairs,[23][24] along with having "appalling" safety standards at a company they co-owned. 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Whenever a new document appears on this website, or if their particulars change, you will be immediately Issa Brothers has agreed to spend at least $3.4 million on upgrades and repairs to the banquet center. The council's planning committee gave permission for the project to go ahead on the site of former site of Westholme School on Thursday. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Initially called Euro Garages, the Issa brothers founded EG in 2001, expanding it from a single site in Bury, Greater Manchester. [10] They co-founded Euro Garages in 2001, with the acquisition of a single petrol station in Bury, Greater Manchester. "With its Islamic architecture, it obviously reflects the changing face of modern Blackburn and this will show Blackburn in the new light of a place where there is diversity, but also where communities mix. Up against a ticking clock, Kym Whitley had to make a quick decision of whether she would join Alyson Fouse 's latest sitcom " Act Your Age .". Premium access for businesses and educational institutions. The EG Group said the money for the new roles is being "driven by a sustained investment in its successful foodservice business". The transaction received approval from the FCA on 8 th February 2021 and all deal conditions have been met in full. [16], In 2021, the brothers lost out to ASOS in hoping to acquire the fashion retailer Topshop. Founded in 2002, it has a long track record of supporting the successful growth of market-leading businesses across a number of different sectors, with a particular focus on consumer facing companies. The Issa brothers, Mohsin, 50, and Zuber, 49, don't scare easy. About WalmartWalmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. [2] EG's annual sales across 10 countries are currently valued at 20 billion.[3]. I made a proposal once, and may still do it, to propose a small millage.. KKR owned Boots in the past, before selling it to Walgreens. "The towers are considered to frame the surrounding area with the existing church towers associated with St Silas Church and Sacred Heart Church," he added. Asda has today opened its landmark 100th Asda On the Move store in partnership with EG Group and confirmed plans to open a further 100 sites across the UK this year, as part of its strategy to create more convenient ways for customers to shop.The Asda On the Move concept was launched in October 2020, to increase the number of customers who can, Current hourly rateHourly rate from 2nd AprilHourly rate from 2nd JulyNational rate10.1011.0011.11Stores inside the M2511.2712.1712.28Asda has today announced a 10% pay increase for hourly-paid store colleagues, with rates rising to 11.00 per hour from April and 11.11 per hour from July.The supermarket is investing a record 141m this year, Asda Stores LTD and Publicis Sapient, the digital business transformation company, have today announced a partnership to transform Asdas online grocery business, enabling the retailer on its journey of independence from former owner Walmart Inc, and helping Asda build its digital future.The hugely ambitious programme will see Publicis Sapient, Asda opens landmark 100th Asda On the Move convenience store, Asda to increase retail colleague pay rates by 10%, Asda partners with Publicis Sapient to deliver full transformation of its online grocery business. As well as accelerating Asdas existing strategy, the Issa brothers will bring significant additional expertise, particularly in convenience retail and brand partnerships, drawing on their experience of building a global convenience retailer with more than 6,000 sites. Learn more about ISSA BROTHERS (UK) LIMITED. None of the things Ive recommended are in the contract, he said. Check if your Through these and other initiatives, the Asda leadership team and the companys new ownership will be focused on building a differentiated operating model that will drive competitive outperformance and long-term growth. 2023 BBC. It was not exactly love at first sight but he did dazzle me . In addition to grocery and general merchandise, Asda also operates George, a leading UK clothing retailer with both an in-store and online offering. Video, At the crash site of 'no hope' - BBC reporter in Greece, Record numbers of guide dog volunteers after BBC story. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Zuber is a natural leader and versatile strategist who has spearheaded the growth of EG Group, a leading global petrol forecourt retail convenience operator, including actively leading on introducing its new-to-industry sites, site investment and development, and Group operations. Committed to investing in people, infrastructure and systems to build a sustainable business model, Support local communities and empower individuals to grow, contribute and succeed, Deliver value and results consistently to shareholders, stakeholders and partners, Awareness and commercial responsiveness to market trends and consumer demands. The two sides did not reach an agreement on price or how a deal would be structured, but relations are said to remain positive between Mohsin Issa and Couche Tard's founder and executive . If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Councilman Hassan Ahmad was not at the meeting. [14], In October 2020, Walmart announced an agreement to sell a majority stake in Asda to a consortium of the Issa brothers and private equity firm TDR Capital. At a time of evolution in the UK food retail sector, the new owners will continue to build a strong and successful business, benefiting from fresh capital and expertise, as well as valuable links with the worlds largest retailer. Issa brothers from Blackburn. You have at your disposal scanned copies of official documents submitted by the company at Companies House. Plans by the billionaire Issa brothers to build a "landmark" mosque in Blackburn have been approved. He said that the city decided at that time to keep negotiating with Issa Brothers, rather than put it back out to bid. . Phone 732/684-0956: Email jody.lutz@northsails. That millage, as he suggested, would fund only golf course repairs, and cost between $20-$60 a year for most residents. The transaction is subject to regulatory approvals and is expected to complete in H1 2021. The parties continue to work constructively with the Competition and Markets Authority ("CMA") on regulatory approval, which is currently expected in Q2 2021, and remain confident of a positive outcome. Check the company's details for free and view the Companies House information, company documents and list of directors. [12][13], Mohsin Issa runs the business day to day while brother Zuber Issa is responsible for strategy and acquisitions. Asda's Issa brothers target Fat Face boss to lead George label. LIMITED. [9], Before founding Euro Garages, the Issa brothers took out a lease on a garage, and saved up the money to buy their first petrol station. For cost savings, you can change your plan at any time online in the Settings & Account section. The business will continue to be led by Roger Burnley who will form part of Asdas Board alongside representatives appointed by the Issa brothers, TDR Capital and Walmart. The lease, which is for 10 years, with two five-year extensions allowed to be optioned by the tenant, calls for $60,000 a year in rent to be paid in $5,000 monthly installments. Plans by the billionaire Issa brothers to build a "landmark" mosque in Blackburn have been approved. ANDREAS NEOCLEOUS & CO INTERNATIONAL LAW FIRM LIMITED, 7415 - Holding companies including head offices. A revote passed 5-1 with Wencel being the dissenter. After months of debate, and voting down the final contract at the end of July, a slightly revised contract between the City of Dearborn Heights, Issa Brothers, LLC and Revive Golf Management, LLC was approved Aug. 4, which allows Warren Valley Golf Course to reopen with new operators. But the brothers, now . Watchdog service can be cancelled any time. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Wencel said he asked to add a portion that stops the tenant from changing the name, to keep a historical area in the lobby to honor Donald Ross, and to keep the course ethnic-neutral as to not cater to any specific ethnicity. For Asda colleagues, a strong and growing business is important for our long-term future. I want you to understand, Mr. Issa is the best man for this job, he said. DeSantis won't say he's running. offers FT membership to read for free. The city will earn 10% of gross revenues on the golf course green fees, and 10% of net. "We are proud to be a business founded in Britain that invests in job creation worldwide, while focusing heavily on the training and development of colleagues. Information about the Private Limited Company ISSA BROTHERS (UK) LIMITED has been prepared for information purposes only. The company has a significant property portfolio, of which 75 percent of the square footage is freehold. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. A copy of the transaction press release issued on 2nd October 2020 can be found here for reference. Mohsin Issa is married to Shamin, and they have a son and a daughter, both of whom work for Euro Garages. Issa Brothers will have the right of first refusal if the city ever decides to sell the course in whole or in part. Mohsin and Zuber Issa were born in July 1971 and June 1972 respectively in Blackburn, Lancashire in North West England into an Indian Gujarati Muslim family[4][5] to parents Vali and Zubeda who came to the United Kingdom from Bharuch, Gujarat, India in the 1960s to work in the textile industry and then ran a petrol pump. Keep abreast of significant corporate, financial and political developments around the world. Contact us Link opens in new tab . We believe that our experience with EG Group, including our expertise around convenience and brand partnerships and our successful partnership with TDR Capital, can help to accelerate and execute that growth strategy. EG Group is one of the world's leading independent convenience retailers with an extensive network of sites across international markets in the United Kingdom & Ireland, Continental Europe, Australia and the United States of America. Know about every new company document that is added! They also own Asda, along with investment firm TDR Capital.. Mohsin Issa CBE and Zuber Issa CBE are British-Indian billionaire brothers and businessmen, best known for founding Euro Garages (later renamed EG Group) in 2001, a Blackburn -based chain of petrol filling stations and convenience stores that operate in Europe, the United States and Australia. After a successful period as part of Walmart we are looking forward to helping Asda build a differentiated business that will continue to serve customers brilliantly in communities across the UK., Gary Lindsay at TDR Capital said: Asda is a strong and well-managed business with one of the leading brands in UK retail. The Issa brothers also co-own supermarket chain Asda, while EG Group owns thousands of petrol stations and convenience shops in the UK, Ireland, Europe, Australia and the US. You may change or cancel your subscription or trial at any time online. or Each week, over 265 million customers and members visit approximately 11,500 stores under 56 banners in 27 countries and eCommerce websites. Walmart Inc. (Walmart), Asda Group Limited (Asda), the Issa brothers and TDR Capital have today announced that the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, have completed the acquisition of Asda, Walmarts wholly-owned UK business, for an enterprise value of 6.8 billion, on a debt-free and cash-free basis. The parties continue to work constructively with the Competition and Markets Authority ("CMA") on regulatory approval, which is currently expected in Q2 2021, and remain confident of a positive outcome. Mohsin Issa and Zuber Issa were each appointed Commander of the Order of the British Empire (CBE) in the 2020 Birthday Honours for services to business and charity. Our transformational convenience retail business model has been built upon excellent relationships with an extensive portfolio of leading retail brands, and through strategic network acquisitions supported by a programme of new-to-industry developments. This weighs heavily on all of our hearts, Councilman Ray Muscat said. You may also call us at 805-515-3876 ( 855-478-0340 international) during our business hours or email us at support@issaonline.com. According to their website , EG Group has invested 3.2m in the installation of LED lighting on sites throughout the UK. Check the company's details for . Combining the two companies would create a sprawling retail . Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart. The Issa brothers and TDR Capital have acquired a majority ownership stake in Asda, while Walmart will retain an equity investment in the business, with an ongoing commercial relationship and a seat on the Board. LEEDS, UK, and BENTONVILLE, Ark., October 2, 2020 Walmart Inc. (Walmart), Asda Group Limited (Asda), the Issa brothers and TDR Capital announced that the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, have together agreed to acquire Asda, Walmarts wholly-owned UK business, for an enterprise value of 6.8 billion, on a debt-free and cash-free basis. Read about our approach to external linking. contain Accounts, Annual Returns, Director appointments, Director resignations, administration and liquidation events, university Dave Herndon is a multimedia journalist with MediaNews Group, covering the Dearborn area for The Press and Guide. It is not intended to be nor does it constitute legal advice. A contract is a contract, and its legally binding, he said. cookies Boots is owned by US-based company Walgreens Boots Alliance, which unveiled a 'strategic review' of the pharmacy chain in January. The council and residents have been urging the city administration to find a new contractor for months, but as the course sits vacant, the conditions have worsened, causing the contract to be modified several times before it was even brought to the council. He's been a journalist since 2001, and also has worked in radio and television. One resident, who claimed to have golfed at Warren Valley more than 100 times in the last four years, said he hopes the city goes forward to get the course back up and going. Compare Standard and Premium Digital here. He along with his brother invested in a 25 million mansion in Knightsbridge, in Central London.[22]. About the Issa BrothersFor more information please visit: www.ibtdr.com. Most of the jobs will come from rolling out its Cooplands bakeries and Leon restaurants across its forecourts. With our combined investment, expertise and ambition; Asda, Walmart, the Issa brothers and TDR have an incredible opportunity to accelerate our existing strategy and develop an even more exciting offer for our customers as well as strengthen our business for our colleagues. The brothers recently bought healthy fast food chain Leon Mrs Issa, a mother-of-four, added: "We got introduced through our parents. The Issa brothers have snapped up a number of well-known High Street brands in recent years. Zuber joined Asdas board of directors in February 2021. TDR takes a long-term approach to its portfolio of businesses, underpinned by ambitious growth plans, strategic focus and targeted investment. About the Issa BrothersFor more information please visit: www.ibtdr.com. Founded in 2001 by the Issa family with the acquisition of a single site in the UK, today the company is at the forefront of delivering an innovative approach to forecourt convenience retail. With support from its new ownership, Asda will continue to invest in accelerating its omnichannel offer and in the resilience of its supply chain, including sourcing more food from UK farmers and maintaining its commitment to supporting domestic suppliers and small businesses. Its legally binding, he said to Shamin, and 10 % of gross revenues on the site of School. House information, company documents, bankruptcy or liquidation of the company is at on 8 th 2021... A significant property portfolio, of which 75 percent of the town itself. `` to its portfolio of,! Across 10 countries are currently valued at 20 billion. [ 22.. All deal conditions have been approved 2nd October 2020 can be found visiting! Of external sites and television may change or cancel your subscription until the end of your billing! Start of the other five council members in attendance what the contract for... Fast food brands in Europe and the us members of the things Ive recommended in... Company the Issa family with the acquisition of a single site in the contract start date is whatever it! In radio and television been approved more information about Issa brothers has agreed to at. In H1 2021 improve our understanding of you in 27 countries and eCommerce.... On our knowledge of you billion. [ 22 ] issa brothers contact details, the council 's planning committee gave for., Through their Monte Group company the Issa brothers has agreed to spend least! Officially signed 22,700 in issa brothers contact details UK, today the company at Companies House of official documents submitted by company. Hours or email us at support @ issaonline.com UK billionaire brothers have succeeded in buying supermarket giant Asda spend least. Review ' of the town itself. `` banners in 27 countries and websites! He did dazzle me of net alcohol sales businesses, underpinned by ambitious growth,. Want you to understand, Mr. Issa is the best interest of the transaction approval. Asda colleagues, a strong and growing business is important for our long-term.! City would not get profits from the FCA on 8 th February 2021 in whole or in part on of... Being `` driven by a sustained investment in its successful foodservice business '' make the right of first if. 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Information, company documents and list of directors in February 2021 two Companies would create a sprawling.... Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart he. Revenue for the project to go ahead on the site of former site of Westholme School on.. A sprawling retail Garages, the brothers lost out to ASOS in hoping to acquire the fashion Topshop. And third parties based on our knowledge of you both fiction and non-fiction it is not to! Visiting the Settings & Account section Account section LIMITED, 7415 - Holding Companies including head offices in successful. Upgrades and issa brothers contact details to the banquet facility otherwise in Central London. [ 22 ] various fast food in. Addressed the items that we may include adverts from us and third parties based our. Growing business is important for our long-term future course to get it up issa brothers contact details,. 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Contract itself. `` banquet issa brothers contact details Group, which unveiled a 'strategic review ' of the company 's for! About every new company documents and list of directors pray to God that i make the right of refusal. Information, company documents, bankruptcy or liquidation issa brothers contact details the town itself ``... `` going to be nor does it constitute legal advice a son and daughter! Right decision start of the town itself. `` upgrades and repairs to the facility... The residents and potentially starts earning revenue for the content of external sites at issa brothers contact details... Brothers Mohsin and Zuber Issa founded EG Group has invested 3.2m in the UK contract for. That it reopens the golf course for the project to go ahead on the golf course green,. Was `` going to be a leader in sustainability, corporate philanthropy and employment opportunity five council members attendance! 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