EG Group has sold its Italian business to a consortium of local operators for €425 million, marking a strategic exit from the market to strengthen its balance sheet.

Target Company Overview

EG Group, recognized as a prominent international operator specializing in convenience retail, food service, and fuel stations, is making a strategic exit from the Italian market. The company has entered into a definitive agreement to sell its Italian business to a consortium of established Italian operators, including PAD Multienergy S.p.A., Vega Carburanti S.p.A., Toil S.p.A., Dilella Invest S.p.A., and GIAP s.r.l. The enterprise value of this transaction is estimated at €425 million, subject to customary closing adjustments. The proceeds will ultimately be directed towards reducing the company's debt.

Industry Overview in Italy

The Italian fuel retail market has seen considerable shifts over the past few years, driven by the evolving consumer preferences towards environmentally sustainable options and the growing emphasis on energy transition. Italy is uniquely positioned within the European market due to its strategic geographic location and extensive logistics networks, facilitating both domestic supply and international trading opportunities.

The convenience retail sector in Italy is witnessing significant expansions, supported by an increasing number of consumers prioritizing convenience and quick service. The growth of online shopping and deli