Finance
Italian consortium buys Esso fuel distribution network
Published by Global Banking & Finance Review®
Posted on August 12, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 12, 2025
2 min readLast updated: January 22, 2026
An Italian consortium has acquired 1,200 Esso fuel stations from EG Group, marking EG's exit from Italy. The deal is valued at 425 million euros.
ROME (Reuters) -A group of Italian companies has agreed to buy a network of 1,200 mainly Esso-branded fuel stations in Italy from Britain's EG Group, the two sides said on Tuesday.
The Italian consortium, which is acquiring about 6% of the national fuel distribution network through the deal, includes PAD Multienergy, Vega Carburanti, Toil, Dilella Invest, and GIAP.
The transaction, which gives EG Italia an enterprise value of 425 million euros ($494 million), marks EG Group's exit from Italy, the British company said in a statement.
EG Group said the deal was in line with its strategy to focus on its core markets, and proceeds would be used to further reduce its debt.
"The acquisition of EG Italia brings control of a strategic asset - namely the network of 1,200 fuel distribution and roadside service sites (convenience stores, food services) - back into the hands of national private operators," said a separate statement on the website of PAD Multienergy.
The deal will be submitted to Italy's competition authority for approval. Italy's Mediobanca was among the consortium's advisers on the deal. BofA Securities provided financial advice to EG Group and A&O Shearman legal advice
($1 = 0.8611 euros)
(Reporting by Angelo AmanteEditing by Mark Potter)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Enterprise value is a measure of a company's total value, often used as a comprehensive alternative to equity market capitalization.
A consortium is an association of two or more individuals or companies formed to undertake a specific project or business activity.
A fuel distribution network refers to the system of facilities and logistics that deliver fuel products to consumers and businesses.
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