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MFG reported to be weighing up bid for MRH
Published:  10 January, 2018
MRH Hursts site

The UKs second largest forecourt operator MFG is considering a bid for the number one group MRH, according to a report by Sky News.

If a deal went ahead the combined group would have 930 UK sites, although competition regulators might wish to investigate whether the deal would cause any local issues.

Both forecourt groups are owned by private equity companies. Clayton Dubilier & Rice (CDR) took over MFG in mid 2015 in a deal valued at 500m, while MRH was acquired by Texan firm Lone Star in January 2016.

Lone Star has been working with advisers at Citi, JP Morgan and Numis about a potential stock market listing for MRH this year, but is now considering a sale, according to Sky News.

It also suggested that MFG could also face competition from Euro Garages should MRH not press ahead with its stock market listing. Euro Garages is the third largest independent in the UK with around 360 sites, but its parent company, Intervias, bought 1,176 Esso sites in Italy in June, and a further 1,000 German Esso sites last month.

MRH and its shareholder are currently assessing a range of strategic options, which may include a potential initial public offering, the company said in a statement.

No decisions have been made and there can be no certainty that any process will be formalised.

MFG and Euro Garages declined to comment on the reports.




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Weekly retail fuel prices: 12 November 2018
RegionDieselLPGSuper ULUL
East137.08139.69129.73
East Midlands136.60139.38129.02
London137.0265.40139.68129.22
North East136.4569.90142.07128.06
North West136.60138.23128.71
Northern Ireland135.0969.90137.92128.64
Scotland137.07136.04128.45
South East137.4666.90139.94129.99
South West136.7567.90139.46129.38
Wales136.47135.40128.21
West Midlands136.02140.93128.76
Yorkshire & Humber135.86140.71128.57

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