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Europastry will decide before March if they are to
go public.
Cinco Días - October 2007
The manufacturer of frozen bread and pastries,
Europastry, does not intend to go public before the
end of 2007. Jordi Gallés, the Managing Director,
explained that the company is analysing the possibilities
that selling its shares on the stock market would
bring to the company. The group is currently in a
period of reflection, from September to March 2008,
before taking a definitive decision.
It is not the first time that the group contemplates
going public as this possibility was also considered
five years ago. Gallés assured that no decision
had been taken regarding the percentage of capital
to be placed in the market or the participation that
would remain in the hands of the Gallés family.
They currently control 75% of the shares while the
remaining 25% belongs to the food group Vallcompanys.
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