Euro Garages 'considering £10bn flotation'

By Tim Aldred

14 Oct 2019

euro-garages-w.jpg

American news outlet Bloomberg is reporting that Blackburn based Euro Garages is considering an IPO which could value the business at more than £10bn.

The petrol forecourt operator was founded by brothers Mohsin and Zuber Issa in 2001 with a £150,000 investment. Their 56 per cent stake would be worth at least £5bn if the flotation goes ahead as expected in the second half of 2020.

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

EG has been undertaking rapid international expansion in recent years, acquiring more than 1,700 sites in the USA and making its first moves into mainland Europe and Australia.

EG Group did not comment on the reports when contacted by Lancashire Business View.

  • For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.

Enjoyed this? Read more from Tim Aldred

Latest news

1

‘Buy British’ call to protect Lancashire defence jobs bae-systems-typhoon.jpg

‘Buy British’ call to protect Lancashire defence jobs

02 Nov 2026

2

Skills debate: Attitude over aptitude Skills Debate

Skills debate: Attitude over aptitude

02 Nov 2026

3

Driving your business forward with electric Linz Pic 2

Driving your business forward with electric

30 Oct 2026

4

Lancashire businesses react to Autumn Budget UK Parliament

Lancashire businesses react to Autumn Budget

30 Oct 2026

5

Council shake-up decision early next year County Hall Gates

Council shake-up decision early next year

29 Oct 2026

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV131 November/December Magazine Networking Event
LBV131 Magazine Launch Social720No Text 19 Nov 2026

LBV131 November/December Magazine Networking Event

The Landmark, School Lane, Burnley, BB11 1UF

08:30 - 10:30

Lancashire Business Day 2026
LBD26 WW Logo720 27 Nov 2026

Lancashire Business Day 2026

Burnley Football Club, BB10 4BX

12:00 - 17:00

Sub36 Reunion & Networking
03 Dec 2026

Sub36 Reunion & Networking

Burnley Football Club, BB10 4BX

15:00 - 17:00

Lancashire Net Zero Conference 2027
NZC27 Social 1200x800Generic 1 11 Feb 2027

Lancashire Net Zero Conference 2027

The Wellbeing Farm, Edgworth, Wheatsheaf Hill Farm, Plantation Road, BL7 0BY

09:30 - 02:00

Help to Grow: Management Course
Help To Grow 25 Sep 2026 - 15 Dec 2026

Help to Grow: Management Course

University of Lancashire, Preston, PR1 2HE

09:30 - 12:00

Action Members November Event
1791817755261.png.png 03 Nov 2026

Action Members November Event

The Wellsprings, Howell Croft South, Bolton BL1 1SB, Bolton, BL1 1SB

09:15 - 11:45

Chamber Breakfast Networking – November
Lancaster And Morecambe Logo 1 03 Nov 2026

Chamber Breakfast Networking – November

Porsche Centre South Lakes, Carnforth, LA6 1FW

08:30 - 10:30

Funding Unlocked
IMG_3058.jpeg.jpg 04 Nov 2026

Funding Unlocked

Accrington Stanley FC, Accrington , BB5 5BX

10:00 - 12:30

Breakfast Social and Coworking Day: November
Brekfast social Nov Creative lancs small.png.png 05 Nov 2026

Breakfast Social and Coworking Day: November

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Clubhouse Business Network sponsored by Orca Finance - November 2026
Club House Padel 05 Nov 2026

Clubhouse Business Network sponsored by Orca Finance - November 2026

Clubhouse, Blackburn, BB1 3NT

14:00 - 16:00

Lancashire Construction Connections
1790691579952.jfif.jpg 05 Nov 2026 - 05 Nov 2026

Lancashire Construction Connections

Holmes Mill, Clitheroe, BB7 1EB

14:00 - 17:00

Immigration changes on the horizon - what HR teams need to know
Immigration webinar.png.png 10 Nov 2026

Immigration changes on the horizon - what HR teams need to know

Online, via Microsoft Teams

12:00 - 12:45

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV130 Online GraphicWebsite
Subscribe now

Weekly news bulletin