CapMan in second IPO attempt of Cardinal Foods

The IPO has been accepted by the Oslo Stock Exchange and the listing deadline is 8 October. CapMan first filed for an IPO of the company in May earlier this year, but failed to list before the deadline. The second attempt is dependent on 25% of the shares being subscribed by the public.

Cardinal Foods is headquartered in Oslo and employs approximately 330. The company recorded a turnover of NOK 1.623bn and an EBITDA of NOK 130m in 2009. CapMan held a 67% stake in the company through the acquisition of Norsk Kylling AS and Arne Magnussen AS in March 2005.

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