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

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.