Deals
Global Gas and Convenience Store Chain EG Group Considers IPO
- TDR Capital-backed operator could list on a U.S. exchange
- EG could be valued at more than $12.4 billion in a listing
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EG Group, one of the world’s largest independent gas station and convenience store chains, is considering an initial public offering next year that could value it at more than 10 billion pounds ($12.4 billion), according to people familiar with the matter.
The U.K.-based company, whose owners include buyout firm TDR Capital, is in early discussions with banks, though no formal mandates have been awarded, said the people, who asked not to be identified because the discussions are private.