Europastry S.A.: puts its IPO process on hold

Barcelona / ES. (ep) Spanish Europastry S.A., a fast-growing specialist pioneer in premium quality frozen bakery products and a top-five player in the global frozen bakery market segment, with over EUR 1.3 billion of net turnover in 2023, announces the postponement of its advised Initial Public Offering. Although the company enjoyed strong support from a broad spectrum of investors over the past months, the last few weeks have seen increasingly unfavourable market conditions, and heightened volatility, in the context of an election period in Europe. Against this backdrop, Europastry’s management and shareholders have decided to pause the IPO process, and to actively monitor market conditions in order to identify the best window to achieve the success of the IPO for all investors and stakeholders. Europastry’s business continues to perform well and the IPO remains a strategic objective of the company.