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Applegreen Formally Completes Delisting From Stock Market

Published on Mar 12 2021 8:58 AM in Retail tagged: Featured Post / Ireland / Applegreen / Forecourt / AIM / Euronext

Applegreen Formally Completes Delisting From Stock Market

Forecourt retailer Applegreen has formally completed its delisting from the Euronext Growth and AIM stock exchanges, and completed its transition to a private company.

The company made the announcement in a statement on its website yesterday, saying the listing of shares on both exchanges was cancelled as of 7am on 11 March.

This has paved the way for the creation of a newly-formed company wholly owned by B&J Holdings Limited, a business operated by Applegreen founders Joe Barrett and Bob Etchingham, and Blackstone Infrastructure Partners.

Going Private

In December, Applegreen announced it was to be taken private in a deal that valued the business at around €720 million.

"Looking forward, Applegreen will transition its business through capital intensive highway projects and electric vehicle charging infrastructure," Etchingham and Barrett said at the time.

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Applegreen was first listed on the stock market in June 2015, hitting a high of €6.62 in September 2018, before crashing to a low of €2.05 as the pandemic hit last Spring.

A month ago, the business announced plans to redevelop and operate 27 service areas along the New York State Thruway in the United States, in a venture worth €250 million.

© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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