EG Group frontrunner to take over Asda
The brothers behind the international fuel and convenience empire , Euro Garages Group ( EG Group ), Mohsin and Zuber Issa , have been selected by Walmart as the prime candidates to acquire Asda .
The possibility of expanding the supermarket business in their petrol station network is a key part of the operation that has put the Issa brothers and TDR , the Londonbased private equity backer of EG Group , in pole position . Previously , it was private equity firm Apollo Global Management that was reported to be the leading option .
In the last three years , EG Group has acquired thousands of stations and convenience stores from Esso , in Italy and
Germany , Kroger , Certified Oil , Travel Centers of America and Woolworths in Australia and Cumberland Farms in the U . S – a far cry from the single garage in Bury that the brothers bought for £ 150,000 in 2001 .
The £ 6.5 billion acquisition of Asda would mean a huge challenge for the brothers from Blackburn , as they enter the supermarket industry .
Acquiring the British supermarket business will mean the 600 stores in the UK will return to British hands for the first time in over 20 years .
Tuffa provides tank for LCFC
Tuffa has been tasked with manufacturing a petrol tank for Leicester City Football Clubs ’ new £ 103m state-of-the-art training ground . The tank will have the all-important task of fuelling the fleet of maintenance vehicles required to look after the LCFC grounds which are being designed by construction and development giants , McLaren Group .
LCFC has provided the groundskeepers with the best equipment money can buy . This includes a fleet of around 30 John Deere maintenance vehicles consisting of gators and ride-on mowers . With so many maintenance vehicles requiring between 40 and 50 litres of fuel to fill , McLaren knew that the grounds required a petrol tank onsite .
With Tuffa already known to the club for reliability and high-quality workmanship , the company was asked to manufacture a tank for LCFC . Additionally , McLaren chose to upgrade the tank with a Hytek Alpha FC10 forecourtstyle dispenser and fuel management system with passcodes to activate the pump and a
Logistics UK responds to heavy vehicle scrappage scheme
Denise Beedell , policy manager for vans and urban , Logistics UK , comments ;
“ Logistics UK welcomed the introduction of the heavy vehicle scrappage scheme in September 2020 as it would help businesses prepare their fleets for the tightening of the London Low Emission Zone in March 2021 . The fact that allocated funding for the scheme has run out so soon after its launch due to high demand demonstrates the real
purpose-built plinth for the tower . McLaren construction ’ s design manager ,
Spish Buja , said ; “ The communication and service levels from Tuffa have been excellent throughout the entire process . The 975 litre petrol tank fits our requirements exactly , the delivery was tiptop and the installation was straightforward .”
determination from logistics businesses to transition to cleaner vehicles and upgrade their fleets in time . We hope that government will support Transport for London with additional funding to extend the scheme or consider alternative options to help those due to be hit hardest by the air quality scheme , including businesses based within the Londonwide Low Emission Zone area and operators of specialist vehicles .”
Essar Oil UK extends Asda supply deal
Essar Oil UK , which owns and operates the Stanlow Refinery , has announced a new agreement with Asda for the supply of petrol and diesel in the Midlands .
Asda has an existing contract to lift road transport fuels direct from the Road Terminal at Stanlow . The new agreement , however , is the first time that the retail giant will source products from Essar ’ s Kingsbury Terminal , close to Birmingham .
Mark Amor , head of marketing and logistics at Essar , commented ;
“ We are delighted to strengthen further our relationship with a company as large as Asda . Over the past few years , we have worked closely with them to service their customer needs by supplying high quality products from our Stanlow Refinery .
“ We have now signed an agreement to provide part of their retail mix from our facilities at Kingsbury to support their business in the region .
“ The strategic 2019 acquisition of Midlands-based distribution assets from BP , which included the Kingsbury and Northampton Terminals , expanded our logistics infrastructure network . This has enabled us to capture additional opportunities , such as this new deal with Asda , and will underpin our further commercial and marketing growth in the UK .”
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