EG Group is selling approximately 260 petrol stations in France to Zuber Issa, co-founder of the UK-based convenience retail giant. The stations are being acquired by Issa's newly formed venture, EG On The Move, marking a significant move in the European fuel retail sector. This transaction represents a strategic realignment within the company's operations.

Zuber Issa, along with his brother Mohsin, co-founded EG Group in 2001, building it into one of the world's largest convenience retail and fuel station operators. The sale of French assets comes as EG Group prepares for a potential US IPO, suggesting a focus on core markets and capital optimization ahead of the public offering. The timing indicates strategic portfolio management.

The deal highlights the complex dynamics within family-founded businesses as they scale globally. For Zuber Issa, acquiring these French stations through EG On The Move represents both a return to his entrepreneurial roots and a strategic expansion in European markets. The transaction's structure suggests careful planning as EG Group positions itself for its next growth phase.