EG Group, a leading international operator of convenience retail, food service and fuel stations, has agreed the sale of its Italian business to a consortium of leading Italian operators for an enterprise value of EUR425 million.
Founded in 2001, EG Group is a leading independent convenience retailer, which has established partnerships with global brands, and a focused portfolio of proprietary brands.
The group currently has operations in nine countries, with its single biggest market by revenue being the USA, followed by Europe, including Italy, Germany, France, Netherlands, Luxembourg, Belgium and the United Kingdom, as well as Australia. The Group currently employs about 38,000 colleagues working in more than 5,500 high-quality sites across its markets—and delivers a world-class grocery and merchandise, foodservice, and fuel retail proposition to nearly 1 billion customers each year.
The group partners with global brands, and also has its own proprietary brands, including Cumberland Farms, Fastrac, Kwik Shop, Quik Stop, Sprint, Tom Thumb, and Turkey Hill in the USA, and Go Fresh in Europe.