The PetrolPlaza audio version is presented to you by UNITI expo 2022, the leading retail petroleum and car wash trade fair in Europe.

English Español EG Group could launch IPO next year

The global gas station business could raise over $12 billion in the stock market.



Last update:

Bloomberg is reporting that Blackburn based Euro Garages is considering an IPO with a value of over 10 billion pounds ($12.44 billion).

The report suggest the flotation could take place next year, possibly on New York's Wall Street Stock Exchange.

Euro Garages has been on a rampant expansion campaign with large acquisitions in Germany, Australia, the U.S. over the last three years. It had a 2018 turnover in excess of £12 billion and employs 25,000 staff.

Euro Garages is also backed by private equity firm TDR Capital, which bought a minority stake for just over £1bn in 2015.

The company merged with European Forecourt Retailer in November 2016 and was renamed EG Group. It operates 4,700 sites across Europe and the United States.

Related contents

Discuss