A large Irish petrol forecourt retailer that is rapidly expanding in the UK and America, is to buy a majority stake in Welcome Break.
In a move that will make Applegreen one of the biggest motorway service operators in Britain, the Irish group has agreed to buy 55% of Welcome Break in a deal that constitutes a reverse takeover of the company.
It has bought the stake from NIBC European Infrastructure Fund for €361.8m in a deal that requires shareholder approval.
