Privately-owned Bosnian frozen food group Fratello Trade has launched an initial public offering on the Banja Luka Stock Exchange.
Just under 3m shares in the company will be available between 18-29 December, a company spokesperson confirmed today (4 December).
Fratello Trade hopes to raise in excess of EUR7m, which would be used to fund expansion, the spokesperson told just-food.
“Our objective is to grow sales year-on-year. In the long-term we want to grow the business, particularly in the fish [segment], through strategic acquisitions or mergers,” the spokesperson said.
The company declined to comment on whether any M&A activity was currently in the pipeline.
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