Forecourt Trader - 30 years at the heart of the fuel retailing community

EG Group completes takeover of German Esso network

John Wood ·
Mohsin Issa, founder and co-CEO of the EG Group
Mohsin Issa, founder and co-CEO of the EG Group
  (Photo:  )

Euro Garages parent company EG Group has completed the takeover of the German Esso service station network from ExxonMobil.

EG Group will operate as a brand partner of Esso in the future.

This takeover is the conclusion of an agreement to transfer announced by both companies at the end of November last year.

Mohsin Issa, founder and co-CEO of the EG Group, which now operates about 5,000 stations in Europe and US, said: “I’d like to specially thank the Esso Deutschland team for their comprehensive handover and outstanding support during the period since the announcement last November.

“Alongside existing suppliers and professional advisers, everyone involved with this project has worked tirelessly to ensure a smooth and successful transition of ownership. We have taken over a well-managed business with a strong track record of serving German customers.

“For us, the Esso petrol station network in Germany provides a strong retail platform to further develop and build on. EG Group is committed to investing in a comprehensive, convenience retail offer which provides fuel, convenience store and food-to-go offer ahead of the market.

“Our leadership team are committed to working closely with our German colleagues based at our in-country head office in Hamburg to create and develop a modern, clean forecourt, convenience retail and food-to-go experience for the German consumer.“

Florian Barsch, CEO of ExxonMobil Central Europe Holding in Hamburg commented: “It goes without saying that our high performance Synergy fuels and Mobil lubricants will continue to be sold at German Esso stations.

“Together with EG Group, our new brand partner, we plan to ensure Esso's growth in Germany. EG has already delivered a compelling performance with its immense expertise at operating service station networks in countries such as the United Kingdom, France and the Benelux area – incidentally, also as a partner to ExxonMobil and Esso.”

He added: “The handover of operations proceeded smoothly. Now I look forward to our mutually satisfactory collaboration with EG, in the course of which both companies will be focusing on their respective strengths and represent an even greater force to be reckoned with on the German service station market.”

In July, EG announced that Volker Friedemann – who gained experience in various positions at Esso and ExxonMobil – would become country manager for Germany and be at the helm of the company based in Hamburg.

Want more stories like this in your inbox?

Sign up for our FREE email newsletter

Keywords:

  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
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

Most read

As Jet buys sites for the first time since selling its company owned network off in 2001, will this be part of a significant, growing trend for oil companies?

Calendar

See all events