Europastry Said to Plan IPO Launch as Soon as Thursday
- Bread maker plans to announce price range for the share sale
- Criteria Caixa considering subscribing for shares in the IPO
The bulk of Europastry’s business is making partially baked breads and pastries, such as croissants, that it distributes frozen to clients such as supermarkets and bakers.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Spanish bread and pastry maker Europastry SA is set to kick off its initial public offering in Spain, according to people familiar with the matter.
The Barcelona-based firm plans to announce the price range for the share sale as soon as Thursday and start taking investor orders a day later, the people said. It could have a valuation of as much as €1.5 billion ($1.7 billion), Bloomberg News reported earlier this year. Trading could start early next month, one of the people said.