Applegreen poised for stock market float
One of Ireland’s most successful forecourt brands could soon be floated on the stock market, reports suggest.
According to the Irish Times, Applegreen’s parent company Petrogas is in the final throws of preparing an Initial Public Offering for the firm, which could hit trading floors in June.
Reports suggest the flotation could raise between €50 million and €100 million.
Applegreen currently has 98 forecourts in the Republic and opened its first Northern Ireland outlet earlier this month.
The M2 forecourt is understood to be already trading well, while much hype has accompanied its franchise coup, as venue for NI and the Republic’s first outlet of high-profile bakery retailer Greggs.
Four further Applegreen stations are understood to be in the works for Northern Ireland.
The company is also thought to be targeting further expansion in England where it has operated since 2008, and currently has 56 stations.