Zuber Issa has agreed to buy 85 petrol stations from the collapsed Prax Group, taking his three-year-old EG On The Move business to 285 forecourts and confirming that Britain’s most prolific forecourt entrepreneur is building a second fuel empire at speed.
The billionaire, who founded EG On The Move as a separate business in 2023, has already acquired EG Group’s UK operation and 98 forecourts from Applegreen. The Prax deal is the latest in that run of rapid acquisitions, and it will not surprise anyone who has watched his career that he is buying while others are selling.
For the small business owners who actually run the sites, the change of ownership is the detail that matters most. The 85 forecourts will continue to be operated by independent commission managers, with EG On The Move pledging further investment in food-to-go, electric vehicle charging, convenience retail and customer facilities.
Zuber Issa said: “We look forward to working alongside each operator to build on the strengths of their businesses, helping make every site more effective, more competitive and even more attractive to customers.”
The sites come out of one of the most spectacular corporate collapses the UK fuel sector has seen. Prax Group, founded by Sanjeev Kumar Soosaipillai and his wife Arani Soosaipillai, unravelled last year under mounting financial pressure, pushing several key companies into administration and triggering one of the biggest failures in the UK fuel supply chain in recent years.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
