Fueling Up: Should EG Group shed its US c-stores if an IPO is near?

Fueling Up: Should EG Group shed its US c-stores if an IPO is near?

The company’s founder, Zuber Issa, told the Financial Times he wants the retailer to sell EG America, which may contradict plans he shared last year to go public in 2026.

Billionaire Issa brothers shrink empire ahead of blockbuster IPO

The forecourts empire founded by the billionaire Issa brothers has sealed a second deal this week to sell off part of its international business as it works up to a possible blockbuster float in New York. Blackburn-headquartered EG Group has agreed to dispose of its operations in Australia to Ampol in a deal which values it at A$1.1bn (£810.3m). The deal comprises A$850m of cash proceeds and A$250m of Ampol stock and forms part of the group’s st…