EG Group refinances following Asda deal
Forecourts giant EG Group has reported “significant strategic progress on deleveraging and refinancing” following the sale of its UK and Ireland division to Asda.
The retailer, which like Asda is controlled by the Issa brothers, also said it had traded in line with expectations for the first quarter.
EG said the sale of its UK and Ireland business to Asda “has delivered significant funding for the group to address upcoming maturities through material debt repayment”.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.