EG Group has agreed to sell its operating business in France to EG On The Move, marking the latest step in the retailer’s planned exit from the market. Financial terms of the transaction were not disclosed.
The group runs convenience retail, foodservice and fuel sites internationally and is jointly owned by Zuber Issa, Mohsin Issa and private equity company TDR Capital. Founded in 2023 and owned by Zuber Issa, EG On The Move operates petrol stations, convenience stores and fast-food offerings across the UK.
Under the arrangement, EG On The Move had entered a put option to acquire around 260 sites in France. The proposed deal sits within a wider programme of transactions to divest EG Group’s French operations.
Separately, EG Group has also signed agreements to sell several sites, mainly in the Paris metropolitan area, to property developers for non-fuel uses. These disposals are expected to be completed over the next 12 months.
According to EG Group, the sale to EG On The Move will be presented to the relevant employee representative bodies as required under French law and remains subject to standard regulatory approvals.
Completion is anticipated in the second quarter of 2026.
Full story EG Group agrees sale of French business to EG On The Move
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