Freeths advises on completion of EG Group’s UK sale to Asda

National law firm Freeths has advised on the completion of EG Group’s £2.07bn sale of its UK operations to Asda.

Founded by Issa brothers in 2001, EG Group is a British retailer which operates filling stations, convenience stores and fast-food restaurants across Europe, the United States and Australia.

The successful transaction was led by Freeths UK Real Estate legal team, Partner Atiyya Khaliq and Managing Associate Michaela Mason, together with Managing Associate Zac Clayton, Associates Samuel De La Bertauche, Hayley Bunt, Nicole Hendy and Elliott Thorne, and Legal Assistant Poppy Hinton, supported by colleagues from Freeths’ Glasgow office including Partner Paul Ockrim, Director Gary Georgeson and Associate Pamela Gorman. The team worked alongside corporate lead counsel Skadden.

Commenting on the deal, Atiyya Khaliq said: “It’s been wonderful to work with the EG Group team and its corporate and tax advisers Skadden and EY on this sale which has been testament to the business and its stakeholders all working together to complete the transaction. This deal has really played on the strengths of our Freeths national Real Estate capabilities.”

“Marking a new chapter for EG Group, we look forward to seeing what’s next in store.”