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Formerly |
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Company type | Private |
Industry | Retail |
Founded | 2001 |
Founder | |
Headquarters | , United Kingdom |
Area served |
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Key people |
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Brands |
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Revenue | $26.511 billion (2021)[3] |
Number of employees | 50,000+ (2021) |
Parent | Optima Bidco (Jersey) Limited |
Divisions |
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Subsidiaries |
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Website | eg.group |
EG Group Limited 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.
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] Since early 2023, the group has sold its U.S. forecourts in a sale-and-leaseback deal, as well as sold most of its UK assets to Asda, Zuber Issa (as EG On the Move) and Yum! Brands in an effort to reduce this debt.[7][8]