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EG Group has reached an agreement to sell its French operations to Zuber Issa’s EG On The Move as part of a wider strategic exit.
The divestment follows the sale of the group’s Vitry fuel depot in December 2025 and includes separate agreements to sell sites in the Paris metropolitan area to property developers.
These asset sales are scheduled for completion over the next 12 months.
However, the transaction with EG On The Move remains subject to regulatory conditions and consultation with employee representative bodies. Completion is expected in the second quarter of 2026.
Proceeds from the transactions will be used to repay group debt. Management stated the move allows the firm to focus on core markets with higher growth potential while reshaping its European portfolio.
Rothschild and Co acted as financial adviser and A&O Shearman provided legal counsel to EG Group on the disposal.
Russ Colaco, chief executive of EG Group, said: “These transactions are a continued demonstration of our commitment to strengthening EG Group’s balance sheet through debt reduction and a disciplined approach to portfolio management.
“By strategically reshaping our European footprint, we are bringing additional focus to our core markets where we have identified the most attractive organic growth opportunities. I would like to thank our employees supporting the French business for their many contributions to EG Group.”
