| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Processed Foods » Bakery & Cereals » Topic

United Biscuits Expected to Float on Stock Exchange

Zoom in font  Zoom out font Published: 2014-08-26  Origin: esmmagazine  Views: 144
Core Tip: United Biscuits, the maker of McVitie's Digestives and Penguin bars, is expected to float on the London Stock Exchange this autumn, with a value of £1.5 billion.
United Biscuits, the United Biscuitsmaker of McVitie's Digestives and Penguin bars, is expected to float on the London Stock Exchange this autumn, with a value of £1.5 billion.

Although, there is a possibility that Blackstone and PAI Partners, the consortium who acquired United Biscuits in 2006, will sell the company if a better offer is received. United Biscuits was previously listed on the London Stock Exchange before being acquired by Blackstone and PAI Partners.

Several companies are believed to have expressed an interest in purchasing United Biscuits, including Weetabix, Kellogg's and Hony Capital - a Chinese private equity firm. Kellogg's is reported to be considering making an offer of £2 billion but has not commented on the speculations.

However, a stock market flotation is viewed as the most likely option for United Biscuits by those in the industry.

There has been a lull in stock market flotations over the summer but the autumn is expected to be a much busier time, with rumoured listings in store for many top brand names, including Moy Park.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)