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EG Group buys Australian fuel retail outlets

Euro Garage’s parent company, EG Group, is to expand its overseas interests by acquiring  Woolworths Group’s 540 site fuel retail network (Woolworths Petrol) in Australia for A$1.725bn ($1.25bn). Woolworths Petrol operates a nationwide network of forecourts and in the year to 30 June 2018, the business generated A$4.8bn of revenue and sold 3.6bn litres of fuel.

As part of the transaction, EG Group and Woolworths have entered into a 15-year commercial alliance covering loyalty, fuel discount redemption and wholesale supply.

EG Group is a leading European independent fuel and convenience retailer, operating some 4,700 sites across Europe and North America, selling across major retail brands such as Esso, BP, Shell, Carrefour, Louis Delhaize, Spar, Starbucks, Burger King, KFC, Greggs, Pomme de Pain, Subway, Turkey Hill, Loaf ‘N Jug and Kwik Shop.

In September 2018, EG Group announced further expansion across the US through the acquisition of a portfolio comprising 225 Minit Mart branded convenience retail stores and service stations, which will be transferred and integrated into the existing network in December. With the inclusion of the Woolworths assets, EG Group will own and operate some 5,250 sites across Europe, the US and Australia.

News Item details


Journal title: Petroleum Review

Countries: Australia -

Subjects: Forecourt retailing, Road fuels

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