EG Group
British retail group / From Wikipedia, the free encyclopedia
EG Group is a British operator of filling stations, convenience stores and food service providers across Europe, the United States and Australia. It was founded in Blackburn in 2001 by brothers Mohsin and Zuber Issa, initially as Euro Garages.
Quick Facts Formerly, Company type ...
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Company type | Private |
Industry | Retail |
Founded | 2001 |
Founder | |
Headquarters | , United Kingdom |
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Revenue | $26.511 billion (2021)[3] |
Number of employees | 50,000+ (2021) |
Parent | Optima Bidco (Jersey) Limited |
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Website | eg.group |
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In October 2015, private equity firm TDR Capital purchased a minority stake in Euro Garages for £1.3 billion.[4] In October 2016, TDR's European Forecourt Retail Group (EFR) merged with Euro Garages to form Intervias Group, which would later be renamed to EG Group.[5]
The group's acquisitions have been largely funded by debt, with a net debt of nearly £8 billion in March 2023.[6] As such, the group has sold assets and engaged in sale-and-leaseback property deals to reduce this debt.[7]