16th Jan 2026 13:29
(Alliance News) - EG Group Ltd is preparing for a US float this year worth USD9 billion, reported Sky News on Friday, with formal plans expected to initiate next week.
The private equity-backed convenience retailer and petrol station operator is lining up potential banks ahead of the IPO, said Sky News.
The report, which cited unnamed banking sources, said Morgan Stanley, Goldman Sachs Group Inc, Bank of America Corp, Barclays PLC and JPMorgan Chase were all likely to be under consideration.
Blackburn, England-based EG Group was founded by the Issa brothers in 2001, and could list in New York under the name Cumberland Farms, said Sky News.
The report noted the company is roughly 50% owned by London-based private equity firm TDR Capital LLP, with the Issa brothers holding around 25% each.
By Christopher Ward, Alliance News reporter
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