The Issa brothers are closing in on a £13 billion listing in New York
The billionaire Issa brothers are eyeing a £13 billion US listing for their petrol station empire in a new snub for London.
EG Group could make its market debut next year, meaning a huge payout for Zuber and Mohsin Issa.
According to reports in Mergermarket and The Sunday Telegraph, banks are lining up for an IPO.
The company could be valued at around £13 billion – thirteen times last year’s annual profits of £1.1 billion.
Happy days: EG Group could make its market debut next year, meaning a huge payout for Zuber and Mohsin Issa
The New York stock market is believed to be the stock exchange of choice as the US is EG Group’s largest market.
The group operates 1,500 gas station convenience stores, including the Cumberland Farms and Quik Stop brands.
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