"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."
"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. 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."
Princes Group, a 150-year-old Italian-owned company under Newlat, plans to list on the London Stock Exchange by the end of October with a reported valuation of £1.5 billion. The company employs 7,800 staff across 23 factories in the UK, Mauritius and Europe, and operates 21 warehouses in the Netherlands, Poland and the UK. Princes recorded £13.3 million in pre-tax profits in 2024 on sales of £2.1 billion, and reported profits rose by £37.8 million in the first six months of the year. Management intends to pursue M&A to expand geographies, categories and capabilities.
Read at London Business News | Londonlovesbusiness.com
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