Essar Buys UK Fuel Station Operator SGN in Major Expansion Move
What Happened
Essar Energy Transition Fuels' retail arm, EET Retail, has agreed to acquire UK forecourt operator SGN Retail in a deal estimated at £400 million. The acquisition adds 118 fuel stations to EET Retail’s existing 117-site network, creating a 235-site UK retail network with annual fuel sales exceeding 650 million litres.
Key Takeaways
The deal will make EET Retail the UK's second-largest forecourt operator integrated with fuel production and supports its goal of expanding to 800 sites by 2031. The acquisition strengthens Essar’s strategy of connecting fuel refining directly with retail distribution through its Stanlow refinery in the UK.