Universities Superannuation Scheme Limited (USS) announces it has reached two separate definitive agreements to acquire 100% interest in the Moto Group, the largest motorway service station operator in the UK.
The transactions have been arranged by USS Investment Management Ltd, a wholly owned subsidiary of USS, and its principal investment manager and advisor.
USS has entered into a definitive agreement to acquire 82.5% interest in the Moto Group from a consortium of institutional investors.
Additionally, a separate definitive agreement has been reached with EPIC Bermuda Holdings Limited to acquire 17.5% interest in the Moto Group.
Both transactions are expected to close later in October 2015. The monetary value of the transactions has not been released.