EG group, the petrol station and convenience-store chain which recently bought Leon, may put itself up for sale with a price tag of $15bn.

EG is backed by private equity firm TDR Capital, which also backs Stonegate Group, and has grown through a series of acquisitions which now includes some 6,000 sites in the UK, United States, France, Italy, the Netherlands and Australia.

The Issa brothers who run the company earlier this year acquired Asda, and have been buying up in debt in Caffe Nero in a bid to gain control of the coffee shop brand.

The Blackburn-based company is working with various banks including Rothschild, Goldman Sachs, Morgan Stanley and Barclays to consider its options, with a possible valuation in a deal of about $15bn, Bloomberg reported.

“EG Group regularly works with its advisers to explore a wide range of options to create value in its portfolio,” EG said.

EG was created through the combination of Euro Garages and EFR Group in November 2016. It has made a series of acquisitions, including the purchase of Kroger, the US convenience store business, for $2.15bn in 2018.

The company also expanded in Australia by acquiring 540 fuel convenience sites from Woolworths for $1.3bn.