Sintal plans share sale by end-October

Sintal Agriculture (SNPS GF) plans to conduct a secondary share placement by end-October, Interfax reported yesterday, citing shareholder Mykola Tolmachov. The company is currently holding a road show. No further details about the transaction have been made public.  Andriy Gostik: The attempt to place its equity with portfolio investors by Sintal is indicative of market sentiment regarding Ukraine’s agricultural sector: according to our information, two more agricultural holdings are in the process of placements at the moment. One of them is already public Mriya (MAYA GR). While agriculture is among the best performing sectors in the country, we see that going to the market before elections a hard task.