EG Group to buy Asda’s petrol forecourt business in £750m deal

Asda petrol station

EG Group will buy Asda’s petrol forecourt business in a £750m deal following the completion of the supermarket giant’s sale to the Issa brothers.

The acquisition, which is subject to regulatory approval by the Competition and Markets Authority, will include Asda’s petrol filling stations, car washes and ancillary land. 

EG said the sites will continue to be Asda branded following the purchase, which is expected to be rubber-stamped by the CMA during the second quarter of 2021. 

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