Friday 10 September 2021

Owners Of Asda Considering $15bn Sale Of Forecourt empire EG Group

According to Bloomberg, the Blackburn-based company is working with various banks including Rothschild, Goldman Sachs, Morgan Stanley and Barclays to consider its options, which also include a stock market listing.

TDR Capital-backed EG Group, founded in 2001 by Issa brothers, has grown by acquisitions to approx. 6,000 forecourt sites in the UK, US, France, Italy, the Netherlands, and Australia.

NamNews Implications:
  • A fast-moving post-Lockdown world, full of surprises, or what?
  • (and given that 2020 counts as a decade, we should all be more expert in optimising change…)
  • This would be an expensive way of testing the potential value of the Group…
  • …so we at NamNews are treating this as a real offer.
  • In which case, what-ifs all round…
  • Especially if a victorious 7-11 brings their hyper-efficient retailing into play.
  • Difficult to ignore this space!!!
#ReSell #EGAsdaGroup #ExitStrategy

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