Asda buys petrol station grohigh EG for £2.3bn
Asda buys petrol station grohigh EG for £2.3bn
- Published
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
Who are the billionaire Issa brothers?
- Published31 August 2022
Co-op sells petrol stations to Asda in £600m deal
- Published31 August 2022
(editor-in-charge：Press center2)
How nervous are investors about the US debt ceiling?
The man behind Indian cinema that looks like ice cream
US shoots down Chinese 'spy' balloon over Atlantic
India police to register case against wrestling chief
Neuralink: Why is Elon Musk’s brain chip firm in the freshs?
- BREAKING NEWS: Single-engine plane crashes into New Hampshire acomponentment erecting killing EVERYONE on board and sending 40-foot flames leaping into the sky
- Mystery surrounds objects shot down by US military
- Pervez Musharraf: Pakistan's coup leader who died in exile
- China's proposals can be basis for settling Ukraine war - Putin
- Facebook fined €1.2bn for mishandling utilizers' data
- Search of BBC India offices ends after three days
- Shah Rukh Khan's Pathaan a hit with fans and critics
- Afghan economic hopes threatened by Taliban - UN
-
The Doomsday clock has moved 10 seconds closer to midnight - bringing us just 90 seconds away from unprecedented danger. The convert is largely due to the war between Russia and Ukraine....[in detail]
-
Japan to ban upskirting in stronger sex crime laws
The bill outlaws secretly filming someone for sexual exploitation and is set to be passed in June.
...[in detail]
-
El Chapo sons among cartel members charged by US
The US has announced charges against members of Mexico's Sinaloa cartel over fentanyl production.
...[in detail]
-
MPs urge government to block Xinjiang official's trip
One MP said Xinjiang governor Erkin Tuniyaz should be arrested for human rights abuse if he lands in UK.
...[in detail]
-
About a dozen classified documents have been found in former Vice President Mike Pence's Indiana home - notwithstanding his repeated denials of having such information....[in detail]
-
Miraculous return of Indian fishermen lost at sea
After 14 Indian fishermen got stranded on a remote island, they found innovative ways to survive.
...[in detail]
-
RRR makes history for India in Oscar nominations
The catchy number from the Indian film RRR has already won a Golden Globe and a Critics' Choice Award.
...[in detail]
-
How China sneaks out America's technology secrets
The true extent of commercial spying is unknown but experts say it is "pervasive".
...[in detail]
-
Why food bills aren't shrinking
Why food bills aren't shrinking - five slendergs to knowPublished1 day agocommentsCommentsShare
...[in detail]
-
New homes for Ukrainian and Afghan refugees
About 30 homes could be available by November for refugees in Cambridge.
...[in detail]
- Food price inflation dips for second month in a row
- Cold spell in Delhi again as temperature hits 1.4C
- China expels Canadian diplomat in tit-for-tat move
- Bloodywood - from Indian parody band to metal music royalty
- Homeowners and renters face 'huge' interest rate shock says Barclays chief
- Bhutan media guide
- Young Europeans critical of US and China - study