When readers of the highly anticipated Top 50 Indies report, which came out in February 2024, saw how EG Group had dropped from the number two position to number 11 they may have understandably been shocked.
Due to the divestment of most of its sites to Asda, EG Group’s UK forecourt numbers shrank from 380 sites in 2023 to just 34 in early 2024. In the report we noted that the Group still had thousands of sites abroad and had confirmed that it would like to grow its UK estate again. And that it did thanks to the efforts of Zuber Issa.
Those in the industry eagerly watched his every move during 2024, with four stories about Issa featuring in the Top 10 most read Forecourt Trader stories of the year.
In April 2024, we reported that Issa was believed to be planning to step down as co-CEO of the EG Group, leaving the company in the hands of his older brother Mohsin, if he could complete a deal to acquire the remaining UK forecourts owned by the business.
Come November and Zuber Issa had completed on the purchase of the 34 UK forecourts as well as certain foodservice locations of EG Group.
Trading under the EG On The Move brand, he has been busy opening a series of impressive new-build forecourts, reaching a network of 47 petrol filling stations, including the 34 sites he recently acquired.
In the summer Zuber instructed commercial real estate firm Colliers to find his 120 sites suitable for forecourt, convenience or foodservice ventures.
In 2024, Zuber also stepped down from his executive leadership role at EG Group, becoming a non-executive director. Mohsin now leads the group.
