View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 1, 2021

Quorn owner Monde Nissin said to be weighing IPO

A south-east Asian food and drinks giant is said to be exploring the possibility of an initial public offering.

By Leonie Barrie

Philippines food and drinks group Monde Nissin, which owns the UK-based Quorn Foods business, is said to be exploring a potential initial public offering in Manila that could raise as much as US$1bn.

News agency Bloomberg, citing unnamed sources, said Monde Nissin, which also counts the Lucky Me! instant noodle line in the Philippines among its brands, has been discussing plans for a first-time share sale with potential advisers and that a listing could happen this year.

But Bloomberg pointed out its sources said deliberations on the prospective move are at an early stage and the company may decide not to proceed with a listing.

Monde Nissin declined to comment when contacted by the news agency.

The company, which also sells biscuits and baked goods, exports to more than 40 countries. It acquired meat-free protein business Quorn Foods for GBP550m (US$831.2m at the exchange rate at the time) in 2015.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food