EG Group Delays New York IPO Plans Amid Takeover Interest

Key Facts

1EG Group has delayed its New York IPO plans which aimed to raise $1bn at a $9bn valuation.

2The petrol station empire is currently drawing takeover interest as an alternative to the public listing.

EG Group has delayed its plans for an initial public offering in New York after previously targeting a $1 billion capital raise. The Financial Times reported that the company had been aiming for a valuation of $9 billion through the listing.

The petrol station empire is currently drawing interest from parties seeking a takeover as an alternative to the public offering. The group is weighing a direct sale or acquisition against a public listing as its owners seek the most favorable valuation and exit strategy.