“Such a decision will only be taken after assessing a number of criteria, including market conditions and feedback from potential investors. If any offer of securities by the Company were subsequently to be made, no investment decision should be made or based on this announcement, and any investment decision with respect to the Company’s securities should be made only based on the information contained in a prospectus which, if the case, will be made public by the Company in the future,” Agricover Holding notes.
The company’s management emphasizes that no decision has been taken on the preferred funding route.
Agricover Holding SA is a business controlled by entrepreneur Jabbar Kanani, whose shareholders include the European Bank for Reconstruction and Development.
On March 31, 2021, Agricover Holding listed bonds of EUR40 million with a maturity of five years and an interest rate of 3.5% per annum. This was the largest entrepreneurial financing by a Romanian company.
In the first half of 2022, Agricover Holding posted RON1.33 billion revenue, almost double as much as in the same period of 2021, and an operating income of RON72 million lei, up 46.1%, according to its half-year financial report published on the Bucharest Stock Exchange.
(English version by Loredana Fratila-Cristescu)