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EG Group to limit fill-ups to £30 per customer at its forecourts

EG Group to limit fill-ups to £30 per customer at its forecourts
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- EG Group agrees to acquire ASDA

EG Group agrees to acquire ASDA forecourt business édité le 03/02/2021 - Plus de news de EG Group - Voir la fiche entreprise de EG Group On 2 October 2020, it was announced that the shareholders in EG Group, the Issa brothers and TDR Capital LLP, had reached an agreement to acquire a majority ownership stake in Asda Group Limited (“Asda”). Today, EG Group is pleased to announce it has agreed to acquire certain assets of Asda, comprising its petrol filling stations, car washes and ancillary land (the “Forecourt Business”) for a headline enterprise value of £750m. EG’s acquisition of the Forecourt Business is subject to the same CMA regulatory clearance being received by the Group’s shareholders for their acquisition of Asda. Subject to these approvals, the transaction is currently expected to close in the second quarter of 2021.

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