Euro Garages 'considering £10bn flotation'
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 Group did not comment on the reports when contacted by Lancashire Business View.
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