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Applegreen Confirms Date For Next Shareholders' Meeting

Published on Jan 25 2021 9:28 AM in Retail tagged: Applegreen / Shareholders

Applegreen Confirms Date For Next Shareholders' Meeting

Applegreen noted on 22 December that it would be ‘taken private’ by a consortium led by its founders and Blackstone Infrastructure Partners, in a deal that values it at about €718.1 million.

In a statement, the fuel forecourt operator announced that the deal requires approval by Applegreen shareholders at a scheme meeting, which will be held on 17 February 2021.

Last month, Applegreen noted that it had accepted a takeover offer from Bidco, a consortium including B&J Holdings and Blackstone Infrastructure Partners, which will see the company delisted from the Dublin Stock Market.

B&J Holdings is a 41.3% shareholder in Applegreen and represents the holdings of Applegreen’s founders, Bob Etchingham and Joseph Barrett. Under the terms of the deal, shareholders will receive €5.75 in cash for every Applegreen share.

Applegreen is the largest fuel forecourt operator in the country and the second largest in the UK.

Over the last 28 years, Applegreen has gone through many changes to become a major roadside retail business, with 559 locations employing 11,500 people across Ireland, the UK, and the US.

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