Europastry S.A. decided to postpone its initial public offering (IPO) at the Spanish Stock Exchanges, a few weeks after announcing its plans to apply for admission of the Shares to listing on the Barcelona, Madrid, Bilbao and Valencia stock exchanges.
Fedima published an industry-wide Code of Conduct for Responsible Sourcing in the bakery ingredients industry, aimed at Fedima members and all suppliers of the bakery and patisserie industry in Europe. The Code of Conduct provides responsible sourcing standards and guidance for their implementation.
Despite the tense geopolitical situation and associated market disruptions, the Oetker Group managed to increase its sales organically by 6.3% to over EUR 6.9 billion in 2023. The group is forecasting moderate growth for the current financial year.
The Bread Initiative released a vision paper, titled ‘Keeping Bread on the Table’ ahead of the European Parliament elections, held from June 6 to 9 this year, highlighting key requests that should guide policy-making during the next EP term. The paper was signed by the five European trade associations behind the Bread Initiative: AIBI, CEBP, COFALEC, European Flour Millers and Fedima.