Dienstag, 18. Juni 2024
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Global Industry: Asda to acquire EG Group’s UK and IE operations

Bremerhaven. (bm) British Asda Group has announced the acquisition of EG Group’s UK and Ireland operations (UK and IE) for an enterprise value of approximately 2.27 billion GBP – bringing Asda’s heritage as a consumer champion to even more customers and accelerating its growth strategy in convenience, omni-channel retail and foodservice. Asda, owned by the Issa brothers, investment funds managed by TDR Capital LLP and Walmart, is acquiring the EG UK and Ireland business consisting of approximately 350 petrol filling station (PFS) sites and over 1’000 food-to-go locations. Other topics of the week: