The managers of BWG, which operates the Spa convenience store franchise in Ireland and the west of England, are set to buy the firm for €390 million, according to reports today.
They will make the purchase from private equity group Cognetas, with an announcement due next week, the Timesnewspaper said, without citing sources.
BWG chief executive Leo Crawford, finance director John O'Donnell and businessman John Clohisey have agreed the purchase backed by AIB, according to the newspaper.