Issa brothers' EG Group plans US stock market listing

The Issa brothers' EG Group is reportedly considering a £6.7 billion stock market listing in the United States. The petrol forecourts giant will hold talks with major US banks next week, with a New York IPO expected later this year. TDR Capital, the owner of Asda, holds a significant stake in EG Group. This potential US listing is seen as another blow to London's market, which has seen other companies opt for listings elsewhere. EG Group has grown into a multinational fuel retailer with a large food service offering.