The petrol forecourts giant founded in the UK, 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 all likely to take part in next week's selection process.
EG Group has become one of the world's largest fuel retailing multinationals, expanding its foodservice offering and generating significant profits.
The company, which may choose to list in New York under the name Cumberland Farms, is currently chaired by Lord Rose, the former Marks & Spencer and Asda chairman.
EG Group is roughly 50pc-owned by TDR Capital, the London-based private equity firm which also owns a controlling stake in Asda.
Full story Petrol forecourts giant EG Group fires up plan for $9bn US float | Money News | Sky News
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