EG Group Prepares for $9 Billion US Stock Market Listing

EG Group is moving forward with preparations for a US stock market listing valued at approximately $9 billion, marking a key development as the company continues to adjust its global operations and ownership structure.

The company will begin the process of choosing financial advisers next week to support the planned initial public offering. As part of these preparations, EG Group is expected to hold a selection process in London involving several major banks, including Barclays, Bank of America, Goldman Sachs, JP Morgan, and Morgan Stanley.

EG Group has recently taken steps to reduce its debt, including the sale of its Australian operations to Ampol for around £530 million (A$1.1 billion). The company’s net debt stood at about $5.3 billion after completing asset disposals, which also included its Italian division.

The company’s global headquarters is relocating to Charlotte, North Carolina, reflecting the United States’ status as its largest single market. EG Group operates approximately 4,300 sites worldwide and employs around 33,000 people.

What the numbers show

• EG Group’s planned US IPO is valued at about $9 billion
• The sale of Australian operations to Ampol was for £530 million (A$1.1 billion
• Net debt after asset disposals is about $5.3 billion

Ownership of EG Group is divided between private equity firm TDR Capital, which holds about 50 percent, and the Issa brothers, who each own roughly 25 percent. The company’s asset sales are part of a broader strategy to strengthen its financial position ahead of the potential listing.

In addition to the Australian sale, EG Group’s disposals include its Italian operations, which are expected to complete in the fourth quarter of 2025. The completion of the Australian sale is anticipated by mid-2026, according to information from Fitch Ratings.

Alternative options to the IPO have also been discussed. Zuber Issa has proposed selling the company’s US forecourt business, which is valued at over $5 billion, as another potential route.

EG Group’s ongoing changes in ownership, asset portfolio, and geographic focus are part of its preparations for the planned US stock market listing. The selection of financial advisers and the continued execution of asset disposals are key steps in this process.

* This article is based on publicly available information at the time of writing.