Asda to acquire EG Group’s UK and Ireland business to expand in convenience and foodservice
date:May 31, 2023
ribution of 195 million (US$241.9 million) EBITDA after rents, with additional PL synergies of 100 million (US$124 million) expected to be generated over the next three years.

Shared vision
Gary Lindsay, managing partner at TDR Capital LLP highlights the nearly 30 billion (US$37.2 billion) in annual revenues from the union of Asda and EG UKI.

Business people
Combining Asda and EG UKI is deemed a natural next step for both businesses.
The two businesses are highly complementary, bringing toge
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