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The petrol forecourts elephantine founded successful Blackburn by brothers Mohsin and Zuber Issa volition adjacent week footwear disconnected ceremonial plans for a $9bn (£6.7bn) US banal marketplace listing.
Sky News has learnt that EG Group, astir 25% of which is owned by each of the brothers, volition clasp a quality parade of banks successful London up of a flotation expected to instrumentality spot this year.
Banking sources said Barclays, Bank of America, Goldman Sachs, JP Morgan and Morgan Stanley were each apt to instrumentality portion successful adjacent week's enactment process.
EG Group has go 1 of the world's largest substance retailing multinationals, expanding its foodservice offering and generating important profits.
The company, which whitethorn take to database successful New York nether the sanction Cumberland Farms, is presently chaired by Lord Rose, the erstwhile Marks & Spencer and Asda chairman.
EG Group is astir 50pc-owned by TDR Capital, the London-based backstage equity steadfast which besides owns a controlling involvement successful Asda.
Under TDR's ownership, EG Group has recruited an experienced enforcement enactment squad led by Russell Colaco.
Mr Colaco is based successful the US, which is present the company's biggest azygous market.
Its planetary office is shifting to Charlotte, North Carolina, and portion the institution was founded successful Britain, bankers judge a US listing is much logical than a London flotation.
In total, EG Group employs astir 33,000 radical and operates astir 4,300 sites.
It serves 1 cardinal customers each year.
In caller years, EG has substantially reduced its borrowings by selling assets, including offloading the bulk of its UK sites to Asda.
It continues to commercialized successful Britain from astir 150 Starbucks-branded outlets, with these besides perchance changing hands.
The radical has besides sold its operations successful Italy, portion the disposal of its Australian portion is going done contention clearance.
One banker said that aft taking the disposals into account, it was apt to beryllium valued astatine betwixt $8bn and $9bn.
An EG spokesperson declined to comment.
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