EG Group agrees sale of French business to EG On The Move

Group 1 - EG Group has agreed to sell its operating business in France to EG On The Move as part of its planned exit from the market [1] - The transaction involves a put option for EG On The Move to acquire approximately 260 sites in France, part of a broader divestment strategy [2] - The sale is expected to be completed within the next 12 months, with regulatory approvals pending and completion anticipated in the second quarter of 2026 [3] Group 2 - The divestment aligns with EG Group's strategy to refocus on the US market, having previously exited Australia and Italy, generating £530 million ($717.6 million) and €425 million respectively [4] - EG On The Move views the acquisition as a strategic investment in the mobility sector, aiming to strengthen its market position and broaden its portfolio [5]