date:May 31, 2023
Asda is moving to acquire EG Groups UK and Ireland (EG UKI) operations for an enterprise value of 2.27 billion (US$2.8 billion) accelerating its growth strategy in convenience, omnichannel retail and foodservice. The transaction is expected to close in Q4 2023.
Asda is acquiring over 1,000 of EG UK and Irelands food-to-go locations through an affiliate of its parent company, Bellis Acquisition Company 3 Limited, a wholly-owned subsidiary of the Asda Group.
Combining Asda and EG UKI will allo