Business & Finance
EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO
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EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO Cumberland Farms Ltd, the gas station and convenience store operator, filed for a US initial public offering, joining a rush of debuts that’s powered a record start to the year. The Charlotte, North Carolina-based company, which will be held by parent firm EG Group Ltd, had a net loss of $95 million on revenue of nearly $4 billion in the first three months of the year, compared with a net income of $3 million on revenue of $3.73...
EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO
Cumberland Farms Ltd, the gas station and convenience store operator, filed for a US initial public offering, joining a rush of debuts that’s powered a record start to the year.
The Charlotte, North Carolina-based company, which will be held by parent firm EG Group Ltd, had a net loss of $95 million on revenue of nearly $4 billion in the first three months of the year, compared with a net income of $3 million on revenue of $3.73 billion a year earlier, according to its filing Thursday with the US Securities and Exchange Commission.
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