Applegreen has completed the deal to change its ownership, with major board changes also announced.

Applegreen’s original owners announced plans to take the company private in December 2020, as part of a consortium including B&J Holdings and Blackstone Infrastructure Partners.

B&J Holdings was a shareholder with 41.3% in Applegreen and represented the holdings of Applegreen’s founders, Bob Etchingham and Joe Barrett. They retain their current positions as CEO and COO.

Under the deal €5.75 in cash was offered for each Applegreen share, which valued the entire share capital of the company at approximately €718m (£635m).

The final stage was sanctioned by the High Court in Dublin on March 9th. The transaction closed the following day. The listings of Applegreen shares on the Euronext Growth Market by the Irish Stock Exchange and on AIM by the London Stock Exchange was cancelled on 11 March.

Applegreen confirmed the resignation of Daniel Kitchen, Howard Millar, Brian Geraghty, Martin Southgate and Niall Dolan as directors and has appointed Greg Stamas and Sebastian Sherman as directors.