Strauss Seeks Coffee Growth as Continues Unit IPO Talks
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Strauss Group is planning an initial public offering of shares in its coffee unit, providing funds for expansion and an exit for partner TPG Capital, Chief Executive Officer Gadi Lesin said.
“An IPO is good for the company and allows TPG to exit, but there are points we don’t agree with and these are under negotiation,” Lesin, 47, said at the company’s Petach Tikvah, Israel headquarters yesterday. “We see ourselves entering more countries. An IPO will give us access to funds for growth and acquisitions.