Ready Meals Firm Bakkavor Prepares for London Listing

(Reuters) Ready meals supplier Bakkavor said on Tuesday that it plans to list at least a quarter of its shares on the London Stock Exchange in early November, in a deal that sources say could value it at up to 1.5 billion pounds ($1.97 billion). The company, which counts Marks & Spencer, Waitrose and Tesco as major customers, said it aims to raise around 100 million pounds ($131.68 million) from issuing new shares and will also sell part of the stakes held by U.S. hedge fund Baupost and Icelandic founders Agust and Lydur Gudmundsson.

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