EG Group agrees the sale of the majority of its UK and Ireland business to Asda
EG Group has today announced an agreement to sell to Asda the majority of its UK and Ireland fuel, foodservice, grocery and merchandise business for an enterprise value of £2.27bn ($2.8bn).
EG Group is pleased to announce it has acquired CS Food Group Holdings Limited (“Cooplands”), a bakery business. Cooplands owns and operates high-quality bakery assets in the United Kingdom (UK), including three bakeries that process ingredients and manufacture fresh food distributed through its supply and logistics network to about 180 stores and cafes, predominantly across the north-east and Yorkshire regions.
EG Group (“The Group” and “EG”) is pleased to announce that it has increased hourly rates of pay for 10,500 employees in the UK in recognition of their hard work and commitment throughout the pandemic. Increased rates of pay will apply across all of EG’s petrol filling stations and foodservice brands in the UK, effective from 1st October 2021. Every colleague aged 18 and above will now be paid a minimum of £9.50 per hour. More experienced colleagues, such as team leaders and supervisors, will be paid a minimum of £10.00 per hour. These changes represent an average hourly wage increase of more than 5%.
EG Group (“EG” or “the Group”) is pleased to announce the acquisition of 52 Kentucky Fried Chicken (KFC) restaurants in the United Kingdom (UK) from Amsric Group. The acquired network, across the south and south-west regions, comprises more than 1,600 team members and a mix of high-quality drive thru and traditional restaurant formats.
EG Group is pleased to announce a significant expansion of its apprenticeship programme after a successful trial and the graduation of its first 33 apprentices working for the leading global petrol forecourt and convenience retail operator.
The Competition and Markets Authority (“CMA”) has today formally confirmed acceptance of undertakings offered by Mohsin and Zuber Issa and TDR Capital LLP to divest 27 of EG Group Limited’s petrol filling stations to address the competition concerns relating to their separate acquisition of Asda Group Limited (“Asda”).
EG Group is pleased to announce that it will be creating up to 300 new roles, as part of the Government’s Kickstart scheme to improve opportunities for young people at risk of long-term unemployment.
EG Group is pleased to announce that it will be partnering with REWE on a brand new retail concept store, REWE Express.
Founded in 1927, REWE is a leading German food retail company with circa 3,700 stores. The partnership will launch across four Esso Petrol Filling Stations in Munich and Freiburg with the first store opening today at the Esso station on Ungerer Str. In Munich. The remaining locations are set to open in early July.
EG Group is pleased to announce that it has raised over £81,000 for the Royal Manchester Children’s Hospital Charity to support the Bone Marrow Transplant Unit at the Royal Manchester Children’s Hospital.