Radar > 242922

Grupo Borges to resume IPO of subsidiary

Grupo Borges podría retomar salida a Bolsa de su filial

Intel ID : 242922
Synopsis

Grupo Borges, a Spain-based distributor and retailer of dried nuts, could resume the plans to carry out an IPO of its subsidiary Borges Agricultural & Industrial Nuts (BME:BAIN), reported Cinco Días on 28 November 2016.

Specifically, the general shareholders' assembly may have approved resuming a capital increase plan and seeking approval for the listing on the continuous market.

In March 2016, Grupo Borges' subsidiary postponed an offer of approximately EUR 23.5m, referring to the current market situation as the reason for the postponement (see related transaction).
(content in spanish)

Grupo Borges, empresa española dedicada a la distribución y comercialización de frutos secos, podría retomar la oferta pública de las acciones de su filial Borges Agricultural & Industrial Nuts (BME:BAIN), según ha informado Cinco Días el 28 de noviembre de 2016.

En concreto, la junta general de accionistas habría aprobado retomar el plan de ampliación de capital y de solicitar la aprobación para cotizar en el mercado continuo.

En marzo de 2016, la empresa filial del Grupo Borges, ha anunciado que pospondrá la Oferta Pública de Suscripción (OPS) por un importe de aproximadamente EUR 23,5m, aludiendo como motivo a la situación actual de los mercados (ver transacción relacionada).

Intel ID 242922
Value ND
Native Currency Euro (EUR)
Financial Data - Borges
(31 Dec 2021)
Revenue: EUR 146,76m
Net Debt: EUR 51,57m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Issuer

Name
potential
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Services and Distribution / Food and Beverage
Primary Sector (TTRSC)
55.01.05 Crop Cultivation & Horticulture (Perennial, Long-Lived or Permanent Crops)
55 Raw Materials & Natural Resources / 55.01 Agriculture, Fishing & Hunting

Country
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Food and Beverage (Primary)
Primary Sector (TTRSC)
15.07.05 Food Ingredients
15 Consumer Products & Services / 15.07 Food

Country
Website
Description

Equity Capital Markets

Date Issuer/Buyer Type Country VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.