EG Group acquires 97 Esso-branded gas stations in the Netherlands

British forecourt retailer EG Group continues with its global expansion with the acquisition of NRGValue petrol stations network.

EG Group have entered into a definitive agreement with NRGValue Holding Nederland B.V. for the acquisition of all shares in NRGValue Retail B.V. which encompasses their 97 site Esso branded network in the Netherlands.

Through the addition of these Esso branded sites, EG Group will further expand its retail network in the Netherlands and reinforce its position as a market leader reaching 595 stations.

“I believe that our expertise in investing in an effective branded non-fuel retail offer provides room for significant growth across the NRGValue portfolio. We are focussed on delivering a world-class fuel, convenience store and food-to-go offer which exceeds consumer expectations,” said Mohsin Issa, EG Group Founder and co-CEO.

The purchase is subject to the approval from the Dutch competition authority (ACM).

The acquisition will be financed via incremental first lien debt which has been underwritten by Bank of America Merrill Lynch, Barclays, Deutsche Bank, Morgan Stanley and UBS.

Founded in 2001 by brothers Zuber and Mohsin Issa, United Kingdom based EG Group is a leading petrol forecourt retail convenience operator who has recently made huge acquisitions in Germany and the U.S. After these purchases EG Group will own and operate around 4,500 sites across Europe and the US.