The Issa brothers are looking at a potential £13bn US listing for their petrol station empire, EG Group, despite the business originating in the UK.
EG Group could debut on the New York Stock Exchange in 2025 and banks have already been lined up for a float, The Telegraph has reported.
The New York stock market is reportedly the preferred option as the US is EG Group’s biggest market.
The group acquired 800 convenience stores from US retail giant Kroger in 2018 in a deal that cost $2.2bn (£1.75bn). It has a portfolio of 1,500 convenience stores on petrol forecourts globally.
A prospective float is said to still be in the early stages of discussion with no final decision being made.
Last year, EG Group sold a chunk of its British facilities to Asda for £2bn. Zuber Issa later sold his 22.5% stake in Asda and bought out EG’s remaining UK locations.
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