EG Group, the petrol forecourt empire founded by the Issa brothers, is targeting a $1 billion fundraise through a US initial public offering in the first half of 2026. The company, which operates thousands of convenience stores and fuel stations across Europe and the United States, is seeking to capitalize on investor appetite for infrastructure and retail assets.

The IPO comes as EG Group continues to expand its footprint in the competitive fuel retail market. The company has been actively acquiring assets, including a recent purchase of 285 Speedway locations from 7-Eleven, strengthening its position in the US convenience store sector. The Issa brothers, who also own British supermarket chain Asda, have built EG Group into one of the world's largest independent fuel retailers.

This move to list in the US represents a strategic shift for the company, potentially providing access to deeper capital markets and a broader investor base. The timing suggests confidence in the retail and fuel sectors despite ongoing economic uncertainty, positioning EG Group for its next phase of growth.