Essar’s EET Retail, part of Essar Energy Transition Fuels, announces it will acquire SGN Retail. The deal is for 100% of SGN Retail, the UK forecourt operator founded by Graham Peacock and Susan Tobbell, for about £400 million.
The announcement is framed by different outlets as a move by Essar Group into the UK fuel retail sector through a purchased forecourt chain. One report focuses on the corporate structure behind the bidder—EET Retail within Essar Energy Transition Fuels—while another presents the transaction more broadly as Essar Group buying the UK company. Both accounts describe the same core terms: the target, the acquisition of the whole business, and the headline purchase price.
