Yum! Brands’ KFC Division has made a significant move by entering into a definitive agreement to acquire over 200 KFC restaurants from EG Group, the brand’s largest franchisee in the UK and Ireland. This transaction marks a major step in accelerating KFC’s growth strategy in these key markets, characterized by high average unit volumes and […]
Asda Group has announced the completion of acquiring EG Group’s UK business for an enterprise value of £2.07 billion, marking a major strategic step in growing its convenience and foodservice offerings. This acquisition accelerates Asda’s reach, bringing their value pricing model to millions more across the UK. Expanding Asda’s Reach Through Strategic Acquisitions The purchase […]
British supermarket chain Asda Group has announced the acquisition of convenience and fuel retail company EG Group’s UK and Ireland operations for an enterprise value of £2.27 billion. The deal, led by the Issa brothers, investment funds managed by TDR Capital LLP, and Walmart, will see Asda bolster its presence in the convenience and fuel […]
British convenience retailer EG Group has signed a binding agreement with OMV Deutschland to acquire a network of 285 petrol station forecourts in Southern Germany for €485 million. The petrol station forecourts are located mainly in the Bavaria and Baden-Württemberg regions. With the acquisition, EG Group will expand its footprint in Germany, where it already […]
Walmart has agreed to divest a majority stake in British supermarket retailer Asda to the Issa brothers and investment funds managed by TDR Capital for an enterprise value of £6.8 billion. The Issa brothers are founders and co-CEOs of EG Group, a UK-based convenience and forecourts retailer. Walmart will hold on to an equity investment […]
Retail acquisition news : EG Group, a UK-based petrol forecourt convenience store retailer has made a $2.15 billion deal to foray into the United States by acquiring 762 convenience stores of American supermarket chain Kroger. Since October 2017, Kroger had been looking out for strategic alternatives for its convenience store business, including a possible sale, […]