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Announced

Completed

EG Group completed the acquisition of the filling station business of OMV for $589m.

Financials

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Transaction Value£445m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

gasoline filling stations

Oil Refining and Marketing

Integrated Oil and Gas

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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EG Group, a British retailer which operates petrol stations and fast food outlets, completed the acquisition of the filling station business of Österreichische Mineralölverwaltung, an oil and gas company, for $589m. “We are delighted about the level of interest in our filling station business in Germany and to have reached an agreement with EG Group. This marks a further step in our previously announced $2.4bn divestment program and this transaction will reduce OMV’s debt by approximately half a billion euros at the time of closing”, Rainer Seele, OMV Chairman of the Executive Board and CEO.

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