EG Group Delays IPO, Attracts Takeover Interest
UKPulse Money Desk
EG Group has postponed its plans for an initial public offering in New York and is now reportedly drawing takeover interest.
- EG Group has delayed its IPO plans.
- The company had intended to list in New York.
- The IPO aimed to raise approximately $1bn at a $9bn valuation.
Petrol station operator EG Group has reportedly delayed its plans for an initial public offering (IPO). The company had previously filed for a New York listing, aiming to raise around $1bn and achieve a valuation of approximately $9bn.
Alongside the postponement of its IPO, EG Group is now said to be attracting takeover interest.