MADRID (Reuters) - Barcelona-based frozen bakery producer Europastry plans to carry out its planned initial public offering (IPO) in the autumn, probably in October, newspaper Expansion reported on Thursday, citing unidentified sources.
In June it said it would suspend a planned float of at least 25% of its shares on the Madrid stock market after political instability in France rocked European equity markets.
The company had planned a primary offering of new shares valued at approximately 225 million euros ($241 million) and a secondary offering of existing shares from its main shareholders.
Europastry now expects to carry out the IPO during the fall, "probably" in October, Expansion said.
A Europastry spokesperson did not immediately respond to a request for comment.
The company reported a net turnover of more than 1.3 billion euros in 2023. Founded in 1987, Europastry is controlled by the Galles family.
It operates in the frozen bakery dough sector in more than 80 countries and runs 27 plants in America and Europe.
($1 = 0.9022 euros)
(Reporting by Inti Landauro)
