The company belonging to the Italian which produces tuna princes and the Napolina food brand will unveil the plans in a few days for a London stock market list which should enhance it at around 1.5 billion pounds sterling.
Sky News learned that New Princes – owned by the Italian food company Newlat – applied the final touch on Thursday to an announcement on its intention to float on the London Stock Exchange.
City sources said that a statement should be published on Friday morning.
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He will come more than four months after Sky News revealed that Newlat, who only acquired the Princes portfolio last year, had appointed an investment banking union to open the way to the list.
BNP Paribas and Peel Hunt direct the agreement, Unicredit and Rabobank which would also be involved.
New Princes is likely to increase a substantial sum by issuing new actions in the initial public offer, which Sunday Times said last weekend would also cite retail investors.
The company produces canned fish and fruits, as well as a range of soft drinks and sunflower oil under the Flora brand.
Princes was bought in Japan Mitsubishi Corporation in the midst of competition from investment capital bidders.
“A potential IPO can provide a tangible opportunity to fully stimulate the growth potential of food and drink, while allowing the company to guarantee additional financial resources to accelerate its external growth strategy,” Newlat said in May.
If it is successfully completed, a list of new princes would deliver a boost on the London Stock Exchange, which has been hungry for new important announcements in the past two years.
Sky News revealed several weeks ago that Shawbrook Group, The Bank, was in talks with institutional investors on a potential fall tank.
The new princes were contacted for comments.