comparemela.com

Latest Breaking News On - Wholesaler kitwave - Page 1 : comparemela.com

Kitwave Moving Foodservice Away From Unitas But Sticking With Retail And On-Trade Business

Kitwave Moving Foodservice Away From Unitas But Sticking With Retail And On-Trade Business
kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.

Kitwave PLC to be valued at £105mln in AIM float

The group raised £64mln in new money for the company through the placing Wholesaler Kitwave PLC has confirmed plans to list on AIM following a placing and secondary sale of shares at 150p. The group which supplies confectionery, alcohol, tobacco and groceries, will be valued at £105mln at the placing price. Kitwave has followed a buy-and-build strategy in recent years, snapping up ten distributors since 2011 and it said it will use the AIM listing to continue with this strategy. The group will raise £64mln in new money to reduce debt through the placing with existing shareholders banking a further £17.6mln through the secondary sale.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.