Essar Expands UK Fuel Network with SGN Retail Acquisition

Essar Energy Transition Retail has agreed to acquire UK-based independent forecourt operator SGN Retail, expanding its nationwide portfolio to 235 fuel forecourts. EET Retail, the retail arm of Essar Energy Transition Fuels (EET Fuels), announced the deal on September 14th, 2026.

The acquisition adds 118 new locations to EET Retail's existing network of 117 sites, with annual throughput exceeding 650 million litres. According to Arvan Ruia, CEO of EET Retail, 'Building a scaled, vertically integrated retail forecourt platform is a critical pillar of our long-term UK strategy.'

The acquisition will accelerate EET Retail's plan to build a nationwide, vertically integrated platform with 800 sites by 2031. The deal will be funded through a combination of cash and a new £250 million senior debt facility arranged by a bank group including First Abu Dhabi Bank and Royal Bank of Canada.