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.