Euro Garages’ parent company EG Group has expanded into Australia through a deal with Woolworths Group to buy its 540-site network for A$1.725bn (£987m).
Woolworths Petrol operates a nationwide network of sites and employs about 4,000 people. In the year to 30 June 2018, the business generated A$4.8bn of revenue and sold 3.6 bn litres of fuel.
As part of the transaction, EG Group and Woolworths have entered into a 15-year commercial alliance covering loyalty, fuel discount redemption, and wholesale supply.
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