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New Deal


Announced

Zuber Issa to acquire the remaining UK forecourt business and certain standalone foodservice locations from EG Group for £228m.

Synopsis

Zuber Issa agreed to acquire the remaining UK forecourt business and certain standalone foodservice locations from EG Group, a British operator of filling stations, convenience stores and food service provider, for £228m. “We have had an amazing journey together building EG Group over the last 20 years and we look forward to continuing to work closely together as fellow Board members and shareholders in EG Group. The company is well positioned for future growth and success, with a strong international portfolio and a growing EV business. We are both – and the wider Board – laser-focused on our key growth opportunities. Encouragingly, following the significant progress to strengthen our balance sheet, we have a capital structure which allows us to take advantage of the opportunities ahead of us continuing to deliver our best-in-class services to our customers around the world," Mohsin Issa and Zuber Issa, EG Group Co-Founders and Co-CEOs.

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