Prolonged acquires a controlling stake in the British operator of motorway service areas

  • Prolonged acquires a controlling stake in the British operator of motorway service areas
    Independent.t. E.
    Petrol stations Covered business is the acquisition of a controlling stake in UK motorway service area operator to rest for €362m .
    https://www.independent.ie/business/irish/applegreen-acquires-majority-stake-in-uk-motorway-service-area-operator-37177725.html
    https://www.independent.ie/incoming/article37177761.ece/27b9d/AUTOCROP/h342/01.JPG

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Petrol stations Covered business is the acquisition of a controlling stake in UK motorway service area operator to rest for €362m .

Welcome break portfolio consists of 24 motorway service areas, two trunk road service areas and on 29 hotels in 35 destinations in the UK.

Its sites are open 24 hours a day, 365 days a year and attracts about 85 million customers of motorway each year.

  • Read more: applegreen has a capacity to borrow €70m to make transactions

“We were drawn to rest because of the strength of its franchise, excellent management team and staff at each of its 35 seats,” Bob Etchingham, Director General, Prolonged said.

“We look forward to continuing to grow the rest of the business and each year offers 85 million customers, who come to rest the best impression on the British highways.”

The acquisition, which will be financed by a new credit line for 300 million euros and proposed the amount of funds not less than 100 million euros, significantly expanding motorway network applegreen service area.

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