IFLR1000

EG Group $2.15 billion acquisition of The Kroger Co convenience store business

5/2/2018
Asset acquisition
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$ 2.15 billion

Announced

5/2/2018

Overview:

  • UK-based EG Group has acquired The Kroger Co's convenience store business in a $2.15 billion deal. 
  • The Kroger Co is a US retail company.
  • Goldman Sachs acted as financial adviser for Kroger and BofA Merrill Lynch and Morgan Stanley acted for EG. 
  • The transaction is expected to close in the first quarter of 2018. 

Kurt Stumpo - Journalist

Jurisdictions:

United States
United Kingdom

Deal type:

Asset acquisition

Practice area:

M&A

Industry sector:

Consumer goods and services

Firms:
Allen & Overy

Party: EG Group (Acquirer)

Weil Gotshal & Manges

Party: The Kroger Co (Seller)

Lawyers: Matthew Gilroy, Michael Aiello, Philip Rosen

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