ExxonMobil will sell around 1,000 Esso-branded stations to EG Group Limited
HAMBURG, Germany December 6, 2017; ExxonMobil announced this week that it would sell about a thousand Esso stations through a partnership with EG Deutschland GmbH, an affiliate of EG Group Limited (Euro Garages), Erpec News reports. ExxonMobil will still sell Synergy fuels and Mobil lubricants at the Esso stations in Germany.
“Our conversion to a branded wholesaler model in Germany is consistent with ExxonMobil’s approach in other European markets with the objective of growing the Esso brand,” said Florian Barsch, managing director of ExxonMobil Central Europe Holding. “Our long-term strategic partnership with EG Group will leverage our companies’ respective strengths and continue to provide Germany’s consumers with a reliable supply of high quality Esso fuels.”
EG Group and ExxonMobil’s partnership will stay in place for 20 years, and follows a similar agreement for Italy. The conversion will be complete during the fourth quarter of 2018. “We are very pleased to partner with ExxonMobil in Germany and work together with Esso, along with the tenants and dealers of the stations,” said Mohsin Issa, founder and co-managing director of Euro Garages. “The German market offers us great growth opportunities and is the logical extension of our business throughout Europe.”
Euro Garages already operates service stations in France, the United Kingdom and the Benelux countries. By adding the Esso German network and Esso-branded Italian stations, the EG Group will have around 3,500 locations in Europe.