India’s Essar Group 'set to grow' with SGN Retail deal

UK fuel station firm SGN Retail has agreed a takeover by India’s Essar Group.

Essar’s fuel station arm – EET Retail – says the deal will create a 235-strong forecourt chain.

Bosses add the move will power ambitions to supply 800 forecourts – or nearly ten per cent of the UK market – by 2031.

It aims to supply the sites from its refinery at Stanlow in Ellesmere Port, Cheshire.

The value of the deal has not been disclosed, but it is understood SGN Retail – whose network stretches from Montrose to Cornwall – could be worth around £400 million.

SGN Retail was founded by Graham Peacock and Susan Tobbell in 2016.

Its network includes bases providing fuel from brands including BP, Esso, Jet, Shell and Texaco that stretch from Ayrshire and across Scotland’s Central Belt to Angus, as well as further sites in north and south Wales.

Its English portfolio includes operations in the North East, North West, Midlands, South East, South West, London and Yorkshire.

Arvan Ruia, EET Retail chief executive, said: “SGN Retail is one of the highest-quality forecourt networks in the UK. 

“This acquisition accelerates our plan to build a nationwide platform of 800 sites.

“Rerouting fuel refined at Stanlow directly into EET Retail forecourts boosts domestic supply security, by allowing UK refined fuel to be more efficiently distributed to domestic consumers.”

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