Asda today confirmed it will buy most of EG Group’s UK and Ireland business for £2.3bn.
The deal will see Britain’s third-largest grocer acquire around 350 petrol filling station sites and over 1,000 food-to-go locations from EG Group.
The combined group will be worth an estimated £10bn, with the merged companies making total revenues worth nearly £30bn.
Both businesses are chaired by the former Marks & Spencer boss Stuart Rose.
Rose said: “This transaction is all about driving growth by bringing Asda’s heritage in value to even more communities and accelerating the growth of its convenience retail business.”