Applegreen eyes difficult road to growth
No petrol wars despite strong fuel margins as station operator looks to expand
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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