divestment programme

EG Group pulls out of French market with planned company demerger

Volgens EG Group sluit het desinvesteringsprogramma aan bij de lopende inspanningen om de activiteiten te stroomlijnen, zich te concentreren op de belangrijkste groeimarkten en de balans te versterken. Foto: EG Group, 2026

EG Group has reached an agreement to sell its business in France to EG On The Move. This is the latest step in the retailer’s planned withdrawal from the French market. Financial details of the transaction were not disclosed.

As part of the deal, EG On The Move has acquired a put option on around 260 branches in France. The proposed deal is part of a wider programme of transactions to divest EG Group’s French operations. EG On The Move, founded in 2023 and owned by Zuber Issa, operates petrol stations, convenience stores and fast food restaurants in Britain.

The move builds on EG Group’s previous divestments, starting with the sale of the Vitry fuel depot, which was completed in December 2025. The company has also entered into agreements to sell a number of sites, mainly in the Paris region, to developers for non-fuel commercial purposes. These asset sales are expected to be completed in the coming year.

Restructuring

According to EG Group, the divestment programme is in line with ongoing efforts to streamline operations, focus on key growth markets and strengthen the balance sheet. “By strategically restructuring our European presence, we are focusing more on our core markets where we have identified the most attractive opportunities for organic growth,” said Russ Colaco, ceo of EG Group.

The transaction will be submitted to employee representatives in accordance with French labour laws. Completion is subject to the usual regulatory approvals and closure is expected in the second quarter of 2026.

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This article was automatically translated from the Dutch language original to English (British).

Author: Paul Blonk

Source: MobilityEnergy.com

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