Applegreen eyes difficult road to growth

No petrol wars despite strong fuel margins as station operator looks to expand

Barry J Whyte

Chief Feature Writer @whytebarry
18th March, 2018
Applegreen eyes difficult road to growth
Applegreen first-half profits rose by nearly 38 per cent

Petrol station operator Applegreen is aiming to bring its reliance on Irish revenues below 50 per cent as it grows its British and American operations, according to company chief executive Bob Etchingham and chief operations officer Joe Barrett.

However, the tendency of private equity firms and other bidders to inflate the acquisition price of possible targets means there is no clear route to that growth, they said, while ruling out the likelihood of growth into continental...

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