Princes tinned tuna group set to float by end of October

Princes Group, the Liverpool-based tinned tuna firm, plans to launch an initial public offering in London by the end of October, targeting a valuation of £1.5 billion.

• Princes Group, a prominent player in the tinned tuna market, is set to debut on the London stock exchange with an initial public offering valued at approximately £1.5 billion.
• The company, which is nearly 150 years old and owned by Italian food firm Newlat, also produces the well-known Branston (brand) products in the United Kingdom.
• This move represents a significant milestone for Princes Group as it seeks to expand its operations and capital through public investment in the competitive tinned tuna industry.