Essar Energy Transition Retail to buy SGN Retail for $338 million
Essar Energy Transition Retail (EET Retail) agreed to acquire SGN Retail, funded via cash and a new USD 338 million senior debt facility arranged by a bank group.
Essar Energy Transition Retail (EET Retail), part of Cheshire-based Essar Energy Transition Fuels (EETF), has agreed to acquire 100 per cent of SGN Retail, a UK independent forecourt operator. The deal will be funded with cash and a new USD 338 million senior debt facility arranged by a bank group.