From Yahoo Finance: 2025-04-01 08:29:00

Spanish bakery group Europastry is selling a 20% stake to CriteriaCaixa, the investment arm of the La Caixa Foundation, after unsuccessful attempts to go public. CriteriaCaixa aims to boost Europastry’s growth, accelerate global expansion, and strengthen innovation. The stake acquisition is set to be formalized in the next few weeks. Europastry, founded in 1987, reported €1.50bn in sales in 2024, with a record investment in research and development. Recent acquisitions include DeWi Back Holding in Germany and De Groot Edelgebak in the Netherlands. Europastry has also made deals with US-based Dawn Foods and Spanish pizza business Casa Bona.



Read more at Yahoo Finance: Spanish bakery group Europastry sells 20% stake to CriteriaCaixa