Announced
Completed
Financials
Sources
Tags
motorway service stations
Specialty Retailers
Disposal
Completed
Reverse Takeover
Public
Friendly
Single Bidder
United Kingdom
Synopsis
Acquisition by Applegreen of a 50.1% stake in Welcome Break for €361.8m. The deal will significantly widen Applegreen’s motorway service area network, and is Applegreen’s largest acquisition to date. Welcome Break is one of the three major owners and operators of motorway service areas in the UK. It generated revenues of £723.4m and adjusted earnings before interest, tax, depreciation and amortisation of £66.4m in the year to January 2018.
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