Finance
Italy's Newlat Food looks at London listing of 'substantial' part of company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
2 min readLast updated: January 23, 2026
Newlat Food is considering a London IPO for a substantial company stake, following its acquisition of Princes and a new plant from Diageo.
(Reuters) -Italy's Newlat Food is considering an initial public offering to list a "substantial part" of the company on the London Stock Exchange, it said in a statement on Thursday.
The group is set to change its name to NewPrinces after buying British peer Princes, known for its tinned fish and Napolina sauces, in May last year for 700 million pounds ($929.60 million) from Mitsubishi Corporation.
"We are in a very preliminary phase", Newlat Group's Financial Director Fabio Fazzari told analysts on a post-results conference call, adding that an IPO would be one of many possible actions the group is considering to "create value" after its recent acquisitions.
On Tuesday, Newlat signed an exclusive agreement to buy a plant in northern Italy from the world's biggest spirits producer Diageo, in a deal that will allow the company to expand its beverage offering and alleviate production constraints at its Princes Glasgow plant.
Newlat said it expects revenue at its food and drinks division to reach 3 billion euros this year based on acquisitions currently in progress, up nearly a quarter from 2.45 billion euros in 2024.
($1 = 0.7530 pounds)
(Reporting by Philippe Leroy Beaulieu in Gdansk, editing by Giulia Segreti, Kirsten Donovan)
The main topic is Newlat Food's consideration of an IPO on the London Stock Exchange for a substantial part of the company.
Newlat acquired British peer Princes and signed a deal to buy a plant from Diageo.
Newlat expects its food and drinks division revenue to reach 3 billion euros this year.
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