Swedish poultry products processor Scandi Standard has announced it is planning an initial public offering on the Nasdaq in Stockholm.
The offer is for a 45% share in the business and the firm said it expected to sell its shares at SEK 33-40 per share, corresponding to a market value of Scandi Standard’s shares of approximately SEK2.05-2.4bn (US$309.2-362m).
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The compay, owned by UK private-equity firm CapVest and Swedish agrifood group Lantmannen, added the stake could be increased to 65%, if the “principal owners decide to increase the offering”.
Scandi Standard posted net sales of SEK5.2m for 2013 and an operating profit adjusted for non-recurring items of SEK479 million.
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