Food giant RHM set for €1.4bn flotation

The maker of Mr Kipling cakes and Bisto gravy will be valued at up to £975m (€1.4bn) when it floats on the London stock market, it emerged today.

Food giant RHM set for €1.4bn flotation
Tue, 05 Jul, 2005 - 09:30

The maker of Mr Kipling cakes and Bisto gravy will be valued at up to £975m (€1.4bn) when it floats on the London stock market, it emerged today.

RHM, formerly known as Rank Hovis McDougall, set out an indicative price range of between £875m (€1.3bn) and £975m (€1.4bn) – lower than some analysts’ predictions of more than £1bn (€1.5bn).

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CourtsBusinessHeathrowPlace: LondonPlace: MarlowPlace: BuckinghamshirePlace: UKPlace: IrelandPerson: Jan Du PlessisOrganisation: RHMOrganisation: Mr KiplingOrganisation: BistoOrganisation: Rank Hovis McDougallOrganisation: Mothers PrideOrganisation: Hovis breadOrganisation: Paxo stuffingOrganisation: Sharwood’sOrganisation: Lyons cakesOrganisation: Robertson’sOrganisation: Doughty HansonOrganisation: AsdaOrganisation: TescoOrganisation: WaitroseOrganisation: Marks & SpencerOrganisation: PartyGaming
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