Edenred SA (ENXTPA:EDEN) signed the agreement to acquire 80% stake in The Right Fuelcard Company Limited from Rontec Group Limited and BAYFORD & Co. Ltd. for £95 million on November 27, 2018. Post acquisition, Rontec Group Limited and the BAYFORD & Co. Ltd. will each hold 10% of the TRFC group. The transaction is subject to approval of the UK competition authority. The transaction is expected to be completed by early 2019. The deal is expected to be accretive to EBIT and the net profit of Edenred by 2019. Blackburn, Amy; Brooks, Sam; Emmett, Sam; Fletcher, Michael; Harrop, Tim; Kerr, Kathryn; Knighton, George; Long, Dominic; Luckhurst, Heather; MacLeod, Luke; O'Callaghan, Oisin; Owens, Joanne; Regnard-Weinrabe, Ben and Toms, Simon of Allen & Overy acted as legal advisor, and PricewaterhouseCoopers acted as accountant for Edenred SA. Edenred SA (ENXTPA:EDEN) completed the acquisition of an 80% stake in The Right Fuelcard Company Limited from Rontec Group Limited and BAYFORD & Co. Ltd. on January 9, 2019. The transaction was approved by the relevant competition authorities.