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Applegreen duo say private ownership best for massive spend plans

Applegreen duo say private ownership best for massive spend plans
Founding directors have joined forces with unit of US investor Blackstone in €718m bid
Tue, Dec 22, 2020, 09:24
Updated: Tue, Dec 22, 2020, 19:10

Applegreen’s two founding directors and main shareholders, who have joined forces with a part of US investment giant Blackstone to bid €718 million for the fuel forecourt retailer, say the business is now better off in private hands as it prepares for large investments in electric car charging facilities and US highway service areas.
The company’s independent directors, led by chairman Danny Kitchen, have also decided to unanimously recommend the €5.75-per-share takeover bid, highlighting the constraints on Applegreen borrowing heavily as a listed company, particularly amid Covid-19, to take advantage of “significant” growth opportunities, they said in a statement on Tuesday. ....

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Welcome Break owner Applegreen agrees €718m takeover by founders

Welcome Break owner Applegreen agrees €718m takeover by founders
thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.

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Founders set to take Applegreen private

Founders set to take Applegreen private
thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.

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