Petrol station giant EG Group has filed plans for a listing in the US in a fresh blow for London.

The Bury-founded company, which was founded by the billionaire Issa brothers, is getting closer to a New York IPO that could see it valued around £6.85billion.

And it has now submitted documents to the US Securities and Exchange Commission over a listing that could raise around £760million from investors, the Financial Times reported. It could list within the next two months.

It is the latest British company to set its sights on New York and snub London’s stock market, after Derby-based aerospace firm Doncasters filed for an IPO across the Pond last week.

There have been suggestions that the company could list under the name Cumberland Farms, which is the string of 1,500 convenience stores and petrol stations owned by EG in the US.

EG Group, which began when Mohsin and Zuber Issa bought their first petrol station in 2001 in Bury, has been shifting its focus towards the US over the past couple of years.

It no longer owns any petrol stations in the UK after selling most of them to sister business Asda, which is owned by EG co-owner TDR Capital and Mohsin Issa.

And its global headquarters is now based in Charlotte, North Carolina.

It follows news that Doncasters, which makes products for aerospace engines and industrial gas turbines, is looking to raise £567.5million in a New York IPO.

The group was founded in 1778 by Daniel Doncaster in Sheffield and has factories in Worcestershire, Somerset and Staffordshire.

British companies pursuing US listings come amid a takeover frenzy of overseas predators trying to poach UK firms.

Companies including Schroders, Beazley and Intertek have agreed to foreign takeovers while EasyJet batted away an offer by a US group this week.

The Issa brothers each own a quarter of EG Group while TDR Capital, the private equity behemoth behind Asda, owns around 50 per cent.

Lale Akoner, global market strategist at investing app Etoro, said: 'EG Group’s reported US IPO plans highlight how companies are becoming more strategic about where they list, rather than simply defaulting to their home market.

'London remains an important financial centre, but companies with international operations are increasingly choosing the venue they believe best matches their investor base, sector story and valuation ambitions.'