EG Group mulls options including $15bn sale, IPO

Blackburn-based petrol station and convenience store giant EG Group is exploring options including a possible sale or an IPO, according to people familiar with the matter, Bloomberg reported.

EG Group’s owners include the billionaire Issa brothers and TDR Capital.

The Blackburn company is working with advisers including Rothschild, Goldman Sachs, Morgan Stanley and Barclays.

EG Group could be valued at about $15 billion in any deal, Bloomberg reported.

“EG Group regularly works with its advisers to explore a wide range of options to create value in its portfolio,” said a spokesperson for EG Group.

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Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.