Overview
- The retailer will run a London beauty parade of banks next week, with Barclays, Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley cited by banking sources.
- A New York listing under the Cumberland Farms name is under consideration, with a valuation discussed in the $8–9 billion range.
- EG is shifting its global headquarters to Charlotte, North Carolina, as the US becomes its largest market under CEO Russell Colaco.
- Ownership sits roughly 50% with TDR Capital and about 25% each with Mohsin and Zuber Issa, a structure seen as influential in listing choices.
- Borrowings have been reduced through disposals, including most UK forecourts to Asda and an exit from Italy, with an Australian sale awaiting competition clearance, and the company declined to comment.