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Announced

EG Group and Asda terminate the $1.02bn acquisition of Asda's petrol station business from TDR Capital.

Financials

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Transaction Value£750m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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petrol stations

Diversified Retailers

Domestic

Single Bidder

Majority

Private

United Kingdom

Acquisition

Friendly

Private Equity

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Synopsis

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British retailers EG Group and Asda terminate the $1.02bn acquisition of Asda's petrol station business from TDR Capital, a private equity firm. Asda remains confident that it will continue to derive synergy benefits from its strategic alliance with EG through key initiatives already underway, including the development of plans to introduce foodservice at Asda locations and the expansion of Asda’s convenience offering, where both companies have confirmed their intention to roll-out the Asda On the Move proposition across EG’s UK forecourts.

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