Consumer
Spanish Baker Europastry Halts Planned IPO Citing Geopolitics
- Company had targeted €1.51 billion market value in offering
- Europastry called off listing attempt in June on volatility
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Spanish bakery firm Europastry SA halted its planned initial public offering, citing the impact of the international geopolitical situation on markets.
The company and the selling shareholders will continue to assess the possibility of a listing when the market situation allows, according to a statement confirming an earlier Bloomberg News report.