"Tinned tuna maker Princess Group has started their London Stock Market float and has been valued at £1.16 billion."
"Today marks a defining moment in Princes Group's journey as we proudly begin our chapter as a publicly listed company. Our listing on the London Stock Exchange reflects not only our heritage but also our ambition for future growth. As we look ahead, we remain focused on expanding our international footprint, deepening our category leadership, and delivering sustainable, long-term value for all our stakeholders."
"The London Stock Exchange is a renowned global trading hub and the Princes Group is a great British success story. The firm's decision to list is not only a huge vote of confidence in this Government's reforms to capital markets but in British business."
Princess Group has started a London Stock Market float with a valuation of £1.16 billion. The company is nearly 150 years old and is headquartered in Liverpool. The firm was bought in 2024 by Newflat and an Italian food company. Simon Harrison, chief executive of Princes Group, framed the listing as the start of a new chapter, emphasizing heritage, growth ambition, international expansion, category leadership, and sustainable long-term value for stakeholders. Business and Trade Secretary Peter Kyle described the listing as a vote of confidence in recent capital markets reforms and in British business.
Read at London Business News | Londonlovesbusiness.com
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