Co-Founder Of EG Group Calls For Sale Of US Forecourt Business

Co-Founder Of EG Group Calls For Sale Of US Forecourt Business

Zuber Issa, co-founder of the EG Group, wants to explore a sale of its $5bn-plus US unit as an alternative to private equity backer TDR Capital’s plan for an IPO of the entire business. Speaking to the Financial Times, the (more…) The post Co-Founder Of EG Group Calls For Sale Of US Forecourt Business appeared first on KamCity.

Zuber Issa says EG Group should sell off US forecourts to settle debts

Zuber Issa has made a rare public intervention after suggesting that EG Group, which operates around 5,600 sites across Europe, Australia and the US, should sell off its American forecourts, rather than IPO, to settle its debts.