image credit: Unsplash

UK: EG Group sells 27 petrol stations to Park Garage Group

October 6, 2021

EG Group has entered into a binding agreement to divest 27 petrol filling stations, located throughout the UK, to Park Garage Group. The moves follows competition concerns regarding EG Group’s separate acquisition of Asda Group Limited.

In June 2021, UK Competition and Markets Authority’s announced that it had agreed formal undertakings offered by Mohsin Issa, Zuber Issa and TDR Capital LLP to divest some of EG Group’s sites to address concerns on 36 local areas where it believed the road fuels market competition could be damaged if EG Group’s owners bought Asda.

Read More on PetrolPlaza