FORECO
EG GROUP
EG Group divests 27 forecourts The sale addresses competition concerns relating to the acquisition of Asda.
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G Group has entered into a binding agreement to divest 27 petrol stations, located in the UK, to Park Garage Group. This follows the Competition and Markets Authority’s June 2021 announcement that it had agreed formal undertakings offered by the Issa brothers and TDR Capital to divest 27 of EG Group’s forecourts to address competition concerns relating to its Asda acquisition. The CMA found that the deal might lead to higher petrol prices in 36 areas
of the country where the companies’ networks overlap and in auto-LPG in another area. The sites that had to be sold were: Ashington (NE63 0TQ), Burscough (L40 5XE), Churchill (PE25 2RJ), Dragon (HG1 4PS), Egremont (CH44 0BZ), Reliance (PR8 3BJ), John Adams Way (PE21 6TQ), Kingshill (SN1 4NG), Lakeland (LA14 5LF), Lammascote (ST16 3TA), Maple (SL7 1HH), Northern Gateway (TD15 1QQ), Preston Way (BB2 6BJ), Regatta (RG9 1DR), Rodbourne (SN2
14 I SLRMAG.CO.UK / ISSUE 76 WEDNESDAY 6TH OCTOBER 2021
1DH), Scot Lane (WN5 0PS), South Marson (SN3 4RS), Tibicar (LA3 1PS), Thinford North (DL17 8RU), Turnpike (HP12 4RG), Blackpool (FY3 9TN), Pentre (CF41 7BW) Four Cross (TR10 9AN), Thieves Lane (SY2 6GF), Forfar (DD8 1BF), Rushden (NN10 0FX), and Don (AB24 1XN). EG colleagues employed at the sites will transfer to Park Garage Group. Zuber Issa and Mohsin Issa, co-founders and co-Chief Executives of EG Group, commented: “We are pleased that the sites will be going to an established industry operator in Park Garage Group, a family-run business that is growth orientated.” Balraj Tandon and Sunil Tandon, Chairman and Managing Director of Park Garage Group, added: “The acquisition underlines our commitment to growth and innovation, and will enable our sons, Manoj Tandon and Hemant Tandon, to further build our industry footprint. We would like to thank EG Group for working seamlessly with us on this acquisition.”
