Princess Group who produces tinned tuna has confirmed their intention to list on the London market this month.
The Italian company is 150-years old which is owned by Newlat has reported a valuation of £1.5 billion and will list on the London Stock Exchange by the end of October.
Angelo Mastrolia, executive chairman of Princes Group, said earlier this month: “Our decision to pursue a listing in London marks a pivotal moment in the history of Princes Group.
“The UK is our largest market and the home of an experienced leadership team. This decision reflects our long-term confidence in the business, the strength of our management and the scale of the opportunity ahead of us.
“We are actively pursuing a pipeline of tangible mergers and acquisition (M&A) opportunities that will unlock new geographies, categories and capabilities.”
Princess Group employs 7,800 staff and has 23 factories in the UK, Mauritius and Europe and 21 warehouses in the Netherlands, Poland and the UK.
The company made £13.3 million in pre-tac profits in 2024on sales of £2.1 billion and in the first six months of the year profits soared by 37.8 million.
