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The billionaire Issa brothers are considering a £13bn US listing for their petrol station empire, in a new snub for London.
EG Group could make its market debut next year, which would mean a huge payday for Zuber and Mohsin Issa.
Banks have prepared for an IPO, according to reports from Mergermarket and The Sunday Telegraph.
The company could be valued at around £13bn, 13 times last year’s annual profits of £1.1bn.
Happy days: EG Group could make its market debut next year, which would mean a big payday for Zuber and Mohsin Issa
The New York stock exchange is believed to be preferred because the United States is the EG Group’s largest market.
The group operates 1,500 service station convenience stores, including the Cumberland Farms and Quik Stop brands.
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