International fuel retailer EG Group Ltd. is considering listing its public, non-restricted stock in the US, for an initial public offering worth more than $14 billion, according to uK media.
The U.K.-based owner of the Cumberland Farms and other U.S. c-store chains is lining up banks for a potential listing in 2025, said the report.
The deal, which is still in its early stages, could bring EG Group an estimated valuation of approximately $14.3 billion, 13 times its underlying earnings of $1.1 billion last year.
In November 2024, EG Group completed the sale of its remaining 30-unit U.K. convenience-store and gas station business and other standalone foodservice locations to co-founder Zuber Issa, the brother of Mohsin Issa.
Zuber and Mohsin Issa were previously co-CEO of EG Group, but after Nov. 1, Mohsin became sole CEO. Mohsin and Zuber Issa were among CSP’s Power 20 Deal Makers in 2020.
Along with the Issa brothers, TDR Capital is co-owner of EG Group. TDR has been a shareholder in EG Group since 2015. EG Group declined to comment.
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