Asda commits to cutting prices as it completes £2bn acquisition of EG Group’s UK business

  • 📰 The Yorkshire Post
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Asda Group has completed the acquisition of EG Group’s UK business for an enterprise value of £2.07bn, in a move which will accelerate its growth in the convenience sector.

Asda said the deal is a key part of its strategic plan to create a value-led convenience offering by rolling out Asda Express across EG UK’s 356 predominantly freehold sites, which include convenience stores on petrol filling stations .

The acquisition of EG Group’s UK business will create a group with expected combined revenues of nearly £28bn, serving some 21m customers every week. Lord Stuart Rose, chairman of Asda, said: “As families continue to face into cost-of-living challenges, bringing Asda’s long-standing value in groceries and fuel to even more communities is a win for UK consumers.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 39. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости