The owner of the Roadchef motorway service station business is preparing to sell it for about £350m, according to Sky News.
It says Delek Group, an Israeli conglomerate with interests in energy, financial services and infrastructure assets, is appointing bankers to oversee an auction of the company.
Roadchef owns 20 motorway service areas and made a profit of £5.5m on sales of £222.2m in 2012, the most recent period for which figures are available..
Roadchef’s sites include franchise agreements with Costa Coffee, WH Smith, McDonald’s and Regus, the serviced offices provider.
A Roadchef spokeswoman declined to comment.