SevenX Ventures has raised its holding in Holde Agri Invest, while Leonard Leca, a member of Holde management board and an investor in SevenX, has boosted his stake in SevenX Ventures to 71%, which led to a reduction of Vertical Seven Group’s stake in the same fund to 10%.
On the medium term, Holde Agri Invest’s priority envisages financial situation stabilization and business consolidation. Also, the company aims to resume its expansion and development plans on the long term. Moreover, the company wants to attract new investors and open up to strategic mergers.
The company ended the first nine months of 2024 with RON16 million losses, from a RON22.9 million negative result in the same period of 2023. Revenues rose by 5% to RON80 million.
The company’s shares have lost 37.5% in the past 12 months amid a market share of around RON75 million.
(English version by Catalina Apostoiu)