EG Group agrees sale of French business to EG On The Move

EG Group has agreed to merchantability its operating concern successful France to EG On The Move, marking the latest measurement successful the retailer’s planned exit from the market.

Financial presumption of the transaction were not disclosed.

The radical runs convenience retail, foodservice and substance sites internationally and is jointly owned by Zuber Issa, Mohsin Issa and backstage equity institution TDR Capital.

Founded successful 2023 and owned by Zuber Issa, EG On The Move operates petrol stations, convenience stores and fast-food offerings crossed the UK.

Under the arrangement, EG On The Move had entered a enactment enactment to get astir 260 sites successful France.

The projected woody sits wrong a wider programme of transactions to divest EG Group’s French operations.

That process began with the merchantability of the Vitry substance depot, which was completed successful December 2025.

Separately, EG Group has besides signed agreements to merchantability respective sites, chiefly successful the Paris metropolitan area, to spot developers for non-fuel uses.

These disposals are expected to beryllium completed implicit the adjacent 12 months.

According to EG Group, the merchantability to EG On The Move volition beryllium presented to the applicable worker typical bodies arsenic required nether French instrumentality and remains taxable to modular regulatory approvals.

Completion is anticipated successful the 2nd 4th of 2026.

EG Group said the proceeds volition beryllium utilized to trim indebtedness arsenic it reshapes its portfolio and concentrates connected markets it considers cardinal to its strategy.

The divestment follows different steps by EG Group to refocus the concern connected the US.

The Financial Times reported the institution has besides been paying down indebtedness up of a planned IPO that it is aiming to prosecute successful the archetypal fractional of this year.

EG Group has antecedently exited Australia and Italy, generating £530m ($717.6m) and €425m respectively.

In a LinkedIn post, EG On The Move described the determination arsenic reflecting its “continued committedness to securing forecourt assets and semipermanent strategical concern involvement successful the mobility sector”.

Zuber Issa added: “The statement represents a proactive and disciplined measurement successful EG On The Move to beryllium capable to see securing further web assets and strengthening our marketplace position.”

EG On The Move added that acquiring EG Group’s French tract web would broaden the company’s portfolio and alteration further concern successful its established retail channels.

"EG Group agrees merchantability of French concern to EG On The Move" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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