www.woolworthsgroup.com.au, Woolworths Contacts:Investors and AnalystsPaul van MeursHead of Investor Relations+61 407 521 651MediaWoolworths Press Officemedia@woolworths.com.au+ 61 2 8885 1033, EG Group Announce Binding Agreement for the Purchase of Woolworths’ Petrol Business in Australia. Oil & Gas. And it was Citi which advised and funded EG Group when it secured a foothold in the Australian market last year, by buying Woolworths' chunky … EG Group, the new owner of Woolworths’ fuel business, has appointed a former Caltex executive as CEO. Following completion of the transaction, Mohsin Issa, Founder and Co-CEO expressed, ‘We are pleased to have turned the page on this exciting new chapter for the EG Group. British-based EG Group, which completed the $1.7 billion acquisition of Woolworths fuel business on April 1, has appointed Mike McMenamin as chief executive of EG Australia following the resignation of former CEO James Goth … EG Group is a global leader in fuel and convenience retailing, operating c.4,700 fuel service stations across Europe and North America and employing over 28,000 people. EG Group Registration number 09826582 Waterside Head Office, Haslingden Road, Guide, Blackburn, Lancashire, United Kingdom, BB1 2FA EG Group VAT number: 273 5224 09 Following completion of the transaction, Woolworths Group will consider a range of options for the use of proceeds, including capital management initiatives. Combine your EG Fuel Card with your Everyday Rewards Card and you could save up to 10¢ per litre*. EG Group Australia serves customers in Australia. Woolworths Group Aug 2017 - Aug 2018 1 year 1 month. V8fan24. EG Group was founded in 2001 and is a global leader in fuel and convenience retailing. Key features of the alliance include:• Woolworths’ popular four cent per litre fuel discount will continue across the network;• Customers will continue to earn Woolworths’ Rewards points on fuel and merchandise purchases across the network; and• Woolworths Group will commence a new wholesale food supply agreement to the network, providing an extensive product range and competitive pricing. SUB-INDUSTRY. Following completion of the transaction, Mohsin Issa, Founder and Co-CEO expressed, ‘We are pleased to have turned the page on this exciting new chapter for the EG Group. Woolworths manages some of Australia and New Zealand’s most recognised and trusted brands including Woolworths, Countdown, Dan Murphy’s, BWS, Langtons, Cellarmasters, BIG W and ALH. Phil Howman. The business has an established pedigree of delivering a world class fuel, convenience and food-to-go offer. Citigroup is acting as lead financial advisor and Barclays as joint financial advisor to EG Group. retail jobs. “The agreement will continue to strengthen the opportunities our customers have for greater value when shopping with us, with the benefits of the Woolworths Rewards program and the fuel discount offer set to continue. All Rights Reserved. EG GroupMedia: Martin Currie, CitypressT: +44 (0)161 235 0310E: martin.currie@citypress.co.uk, Investors: Michael Hughes, EG GroupM: +44 (0)1254 582111E: michael.hughes@eurogarages.com, Woolworths GroupFounded in 1924, Woolworths Group is Australia’s largest retailer with more than 3,500 stores Australia and New Zealand employing more than 200,000 people. In Victoria, the chain traded as Caltex Safeway until Woolworths scrapped the name in late 2008 and traded as Caltex Woolworths or Woolworths Petrol until its sale in 2019. Refine by location. Sydney, Australia Chief Financial Officer Charter Hall ... Commercial Manager at EG Group Australia Greater Sydney Area. Woolworths Group has entered into a binding agreement to sell its 540 Woolworths-owned fuel-convenience sites to EG Group for $1.725 billion. It was formed in November 2016 when we merged European Forecourt Retail Group ("EFR"), which comprised over 1,100 retail sites in Benelux and France, with Euro Garages, a leading forecourt retail business in the UK. In the year to 30 June 2018, the business generated A$4.8 billion of revenue and sold 3.6 billion litres of fuel. Further details on this will be provided in due course. Media: Woolworths Group Press Office: +61 2 8885 1033 media@woolworths.com.au  Brad Banducci, Woolworths Group CEO said, “This transaction is a positive for our customers, our team and our shareholders. petrol station jobs. EG's 'B-' IDR reflects the group's leading market position as an independent petrol station operator in Europe and the US, with diversification towards the more profitable non-fuel retailing and FTG segments. In April 2019, Woolworths sold its 540 service stations to the EG Group for $1.72 billion. Very large text size A brand new player has arrived in Australia's retail fuel market, with supermarket giant Woolworths selling its 540 service stations to the British company EG Group … Woolworths Group Limited (Woolworths) today announced that it has entered into a binding agreement to sell its 540 Woolworths-owned fuel convenience sites to EG Group for A$1.725 billion. The EG Fuel Card provides business users with a saving of 6¢ per litre for the first six months.
How Hard Is Gold Dofe, Average House Price In Canada 1990, Gold Dofe Residential Scotland, Richmond Va City Council Meeting Schedule, Inequality In South Africa Statistics, Off Season Field Hockey Training Program, Harry Kane Beard,