Europastry cancels IPO listing for the second time
Spain’s Europastry canceled its stock market listing citing market volatility. The company will still evaluate going public under more favorable market circumstances at a later time.
Spain’s Europastry canceled its stock market listing citing market volatility. The company will still evaluate going public under more favorable market circumstances at a later time.
Europastry’s initial public offering (IPO) was approved by Spain’s Comisión Nacional del Mercado de Valores (CNMV), valuing the company at EUR 1.57 billion.
Spanish bakery group Europastry acquired the frozen bakery business De Groot Edelgebak from Ede in the Netherlands. The acquisition strengthens Europastry’s presence in the food service market.
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.
Dawn Foods sold its frozen bakery manufacturing business in Europe, Africa, the Middle East, Asia, and the Pacific (AMEAP), to Europastry. The sale includes Dawn’s frozen bakery manufacturing plant located in Steenbergen, The Netherlands, R&D capabilities based in Evesham, UK, and all associated customer relationships in the region purchasing Dawn-produced frozen products, the company announced on December 13.