Asda said it intends to invest more than £150 million ($185 million) within the next three years to integrate the business.
British supermarket group Asda said on Tuesday it would acquire petrol station operator EG Group's UK and Ireland business.The deal is expected to close in the fourth quarter.Mike Kemp | In Pictures | Getty Images
The deal, which includes around 350 petrol stations and over 1,000 food-to-go locations, values EG at 2.27 billion pounds, including debt, the groups said on Tuesday. Since the Issa brothers bought Asda in 2021, 166 EG sites have already been converted to the "Asda on the Move" format.
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