AGRANA Beteiligungs-AG exploring capital increase from existing authorised capital Ad-HocDate: 12.01.2017
AGRANA is exploring a cash capital increase from existing authorised capital, given appropriate market conditions. Provided that the principal shareholders waive their subscription right and that a significant portion of the existing AGRANA shares directly held by Südzucker are placed, the free float of currently about 7% could be increased significantly to approximately 20%. This would heighten the attractiveness of AGRANA shares, which are listed in the Prime Market segment of Vienna Stock Exchange, and would assist in financing the continued profitable growth of the AGRANA Group. The Management Board of AGRANA today decided to further evaluate this option.
A consortium of four banks is acting as advisors to AGRANA and Südzucker in this capital action.