Asda has announced a huge expansion wit6h 350 more petrol stations and 1,000 food to go shops as it buys EG Group for £2.27bn.
Asda, owned by the Issa brothers, investment funds managed by TDR Capital LLP and Walmart, is acquiring the EG UK and Ireland business through an affiliate of its parent company, Bellis Acquisition Company 3 Limited, a wholly-owned subsidiary of the Asda Group.
EG Group will retain approximately 30 PFS sites in the UK for wider group development and which will not form part of the transaction.
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