Applegreen considering takeover offer by co-founders and Blackstone

The cash offer represents a premium of approximately 48.2% to Applegreen’s closing price of €3.88 yesterday.

Chief Operating Officer, Joe Barrett (pictured) and Chief Executive Officer Robert Etchingham would maintain their current management positions should the transaction proceed. Picture: 

Forecourt retailer Applegreen is in discussions with a consortium including B&J Holdings and Blackstone Infrastructure Partners in relation to a possible cash offer for the company at a price of €5.75 per share.

B&J Holdings is a 41.3% shareholder in Applegreen and represents the holdings of Applegreen founders Robert Etchingham and Joseph Barrett.