EG Group Secures NRGValue Network in Netherlands

EG Group co-CEOs Mohsin, left, and Zuber Issa

Blackburn-based petrol station forecourt operator EG Group (Euro Garages) has acquired a company which owns a 97 Esso branded sites in the Netherlands.

EG has bought NRGValue Retail B V, reinforcing its retail network in the Netherlands and taking its total count of stations to 595. The value of the deal was not disclosed.

EG founder and co-chief executive Mohsin Issa said: “This is a great opportunity for EG to reinforce its existing position as a leading independent forecourt operator in the Netherlands.

“I believe that our expertise in investing in an effective branded non-fuel retail offer provides room for significant growth across the NRGValue portfolio. We are focussed on delivering a world-class fuel, convenience store and food-to-go offer which exceeds consumer expectations.”

The purchase is subject to the approval from the Dutch competition authority (ACM).

The acquisition will be financed via incremental first lien debt which has been underwritten by Bank of America Merrill Lynch, Barclays, Deutsche Bank, Morgan Stanley and UBS.

Bank of America Merrill Lynch is acting as exclusive financial advisor to EG Group. Allen & Overy is acting as legal adviser to EG Group.

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