Frozen dough giant Europastry has canceled its trip to stock market, which was scheduled for next Thursday. The company, which was set to set its share price on Tuesday, took a step back. second time this yearafter stopping his first attempt to jump onto the trading platform in July.
In a message sent to the National Securities Market Commission (CNMV), the company justified his decision by the “international geopolitical situation”which is “causing deep instability in markets.”
Europastry said it would continue to consider going public “when market conditions allow it to do so.”
Last week, the company registered a prospectus with the stock market regulator, in which the estimate was expected to be between 1.327 million and 1.570 million. Euro.
Market launch included initial offering of the company from 11,200,000 to 13,249,211 new shares. The goal was to raise 210 million euros, of which 109.1 million was planned to be used for debt reduction and 89.6 million for inorganic growth.
A minor component of the proposal was all shares belong to the Exhibitor (a fund controlling 20.7% of the company’s capital).
Likewise, Galles Office (controlled by the Galles family and Europastry’s main shareholder) and Indinura (controlled by CEO Jordi Morral) planned to sell a minority stake.
According to the brochure sent to the CNMV, CriteriaCaixa planned to acquire a 5% stake a company whose shareholder structure was to remain with 64.5% in the hands of the Galles Gabarro family and 29.2% as working capital.
Published September 29, 2024 at 6:04 pm. 12 View gallery ©Photo by Daniele Venturelli/Getty Images…
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