Petrol Forecourts Giant EG Group Fires up Plan for $9bn US Float

Petrol forecourts giant EG Group fires up plan for $9bn US float

The company founded by Mohsin and Zuber Issa and backed by Asda-owned TDR Capital will begin choosing advisers for a multibillion dollar New York listing next week, Sky News learns.

Petrol forecourts giant EG Group fires up plan for $9bn US float | Money News | Tech, Entertainment, Sport, Fashion, Travel News

The petrol forecourts giant founded in Blackburn by brothers Mohsin and Zuber Issa will next week kick off formal plans for a $9bn (£6.7bn) US stock market listing. Sky News has learnt that EG Group, about 25% of which is owned by each of the brothers, will hold a beauty parade of banks in London ahead of a flotation expected to take place this year. Banking sources said Barclays, Bank of America, Goldman Sachs, JP Morgan and Morgan Stanley were…