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Retail

Applegreen Acquires Majority Holding In Major UK Service Area Provider

Forecourt retailer Applegreen has announced it has acquired a majority holding in Welcome Break, a UK motorway service group, for €361.8 million.

Applegreen said that it has entered into agreement with NIBC European Infrastructure Fund to acquire its entire 55.02% holding in Welcome Break.

The Ireland-based forecourt operator has also entered into a separate agreement with Welcome Break Investors II LP, a limited partnership that holds the remaining 45% of the company.

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