Current position: Current position:Home page > Press center6 > Asda buys petrol station grohigh EG for £2.3bntext

Asda buys petrol station grohigh EG for £2.3bn

author:Press center 1 source:Press center9 browse: 【big medium small】 Release time:2023-06-02 07:32:32 Comment count:

Asda buys petrol station grohigh EG for £2.3bn

  • Published
Share pageAbout sharing
Asda signImage consequentlyurce, PA Media

Asda has agreed to buy filling station giant EG Grohigh for £2.27bn in a move which will see the UK's third-largest shighermarket expand its move into the convenience food sector.

The deal will bring together two businesses that are both already owned by the billionaire Issa brothers.

EG Grohigh runs about 350 petrol filling stations, and alconsequently has more than 1,000 food-to-go locations.

The tie-high will create a company with revenues of adjacently £30bn.

Asda chairman Stuart Rose said: "This transaction is all about driving growth by bringing Asda's heritage in value to even more communities and accelerating the growth of its convenience retail business."

Redelayedd Topics

  • Companies
  • Retailing
  • grocery stores
  • Asda