The Guardian M&A

AUGUST 31, 2022

Company says money from deal will be used to cut debt and reinvested in its ‘core convenience’ business The Co-operative Group has agreed to sell its petrol forecourt business to its supermarket rival Asda for £600m, saying it would use the money to reduce debt and open more convenience stores.

98

98

The Guardian M&A

MAY 30, 2023

Mohsin Issa will continue to lead business, while Asda will begin search for new group chief executive Asda has announced it is to acquire the petrol forecourts and convenience store operations in the UK and Ireland of its sister business, EG Group, in a deal worth £2.27bn. Continue reading.

Private Equity Firm 64

Private Equity Firm Equity 64

The Guardian M&A

MARCH 1, 2024

UK haulage firm employs 20,000 people and customers include Asda, Sainsbury’s and Waitrose Business live – latest updates Bosses at the UK haulage company Wincanton have thrown their support behind a £762m takeover offer from the US logistics business GXO and dropped their backing for a rival bid.

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80

The Guardian M&A

AUGUST 26, 2023

The brothers from Blackburn were set on leapfrogging slightly bigger rival Sainsbury’s to make Asda the UK’s second-largest supermarket group.

Banking 97

Banking Marketability 97

Law 360 M&A

MAY 30, 2023

Asda said Tuesday that it will buy the U.K. and Irish operations of petrol station business EG Group for £2.27 billion ($2.8 billion) to expand its convenience stores.

52

52

The Guardian M&A

MAY 9, 2022

All 16,000 staff of struggling convenience store chain will be transferred to the supermarkets group Morrisons has beaten the owners of Asda in the race to buy McColl’s after the struggling convenience store chain fell into administration. Continue reading.

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96

The Guardian M&A

APRIL 19, 2022

And a key point, as a battalion of energy bosses told MPs on the business and energy select committee on Tuesday, is that the new tariff will apply during the winter months of peak consumption. Continue reading.

Equity 76

Equity 76