ExxonMobil and EG Group are pleased to announce the sale of the German Esso fuel retail network has been successfully concluded, and EG Group will operate as a brand partner of Esso in the future.
This follows agreement announcement by both companies at the end of November of last year. “It goes without saying that our high performance Synergy fuels and Mobil lubricants will continue to be sold at German Esso stations. Together with EG Group, our new brand partner, we now plan to ensure Esso’s growth in Germany. EG has already delivered a compelling performance with its immense expertise at operating service station networks in countries such as the United Kingdom, France and the Benelux area – incidentally, also as a partner to ExxonMobil and Esso,” says Florian Barsch, CEO of ExxonMobil Central Europe Holding GmbH in Hamburg. He emphasizes: “The handover of operations proceeded smoothly. Now I look forward to our mutually satisfactory collaboration with EG, in the course of which both companies will be focusing on their respective strengths and represent an even greater force to be reckoned with on the German service station market.”
Mohsin Issa, founder and co-CEO of the EG Group, which now operates some 5,000 fuel service stations in Europe and USA expressed: “I’d like to specially thank the Esso Deutschland team for their comprehensive handover and outstanding support during the period since the announcement last November. Alongside existing suppliers and professional advisers, everyone involved with this project has worked tirelessly to ensure a smooth and successful transition of ownership. We have taken over a well-managed business with a strong track record of serving German customers. Esso fuel retail network in Germany provides a strong retail platform to further develop and build on. EG Group is committed to investing in a comprehensive, convenience retail offer which provides fuel, convenience store and food-to-go offer ahead of the market. Our leadership team are committed to working closely with our German colleagues based at our in-country head office in Hamburg to create and develop a modern, clean forecourt, convenience retail and food-to-go experience for the German consumer.“ PWKD02102018