Billionaire Issa brothers' EG Group acquires 52 KFC sites
The sites employ more than 1,600 people.
Petrol station giant EG Group, which was founded by the billionaire Issa brothers who recently bought LEON, acquired more than 50 KFC restaurants across the UK.
The Blackburn-headquartered group, which is backed by TDR Capital, snapped up the 52 sites from Amsric Group for an undisclosed sum.
The network, which stretches across the South, comprises more than 1,600 employees and a mix of drive-thru and traditional restaurant formats.
The group now operates more than 1,700 foodservice concessions and operates over 220 KFC restaurants in Europe and the UK as a result of the deal.
This transaction follows EG Group’s acquisition of the largest KFC franchise in the UK and Ireland from The Herbert Group in March last year.
"Acquiring the Amsric portfolio further strengthens our customer proposition and is highly complementary to our existing operations, and our long-term growth plans for our foodservice business,” EG Group co-founders and co-CEOs Mohsin and Zuber Issa said in a joint statement.