EG Group has agreed to sell its remaining UK forecourt business to co-founder Zuber Issa for £228 million while maintaining its strategic focus on international growth.

Information on the Target

EG Group, co-founded by Mohsin and Zuber Issa in 2001, has established itself as one of the largest convenience retail companies globally, with over 5,500 locations across North America, Europe, and Australia. The company's operations have expanded from a single site in the north of England to a diversified portfolio that includes food service and merchandising at each site, positioning EG Group as a key player in the convenience retail market.

In a strategic move, EG Group has announced the sale of its remaining UK forecourt business and selected standalone foodservice locations for a total consideration of £228 million to co-founder Zuber Issa. This transaction marks a significant shift in the management structure, with Mohsin Issa continuing as the sole CEO, while Zuber retains his shareholding and takes on the role of Non-Executive Director on the Board.

Industry Overview in the UK

The convenience retail sector in the UK has seen robust growth, driven by consumer demand for easily accessible food and services. The market has adapted to