Swiss convenience food firm Orior, maker of products from pasta to ready meals, is set to float on the country’s stock exchange.

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The company, in which private-equity firm Capvis owns an 80% stake, is preparing for a spring IPO, its chief executive Rolf Sutter told just-food today (25 March).

Capvis plans to sell an unspecified “portion” of its stake, while Orior is ready to issue new shares in the business.

The group, which owns the Rapelli, Speiss and Pastinella brands, hopes to raise CHF80m (US$74.9m) from the listing in order to pay off debts, which it will believes will help the business grow in future.

 

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