Trigon Agri Specifies SPO Terms

Danish Trigon Agri, which last week said it would create an agricultural JV with local Ramburs Group, said it hopes to raise EUR 200 mln during an SPO in mid to late April. The company said the number of shares and exact share price will be announced after the book closes on April 29. Trading is slated to start on may 6 on the First North Exchange (Stockholm). Trigon Agri plans to use the proceeds to bring over 120 ths ha of land currently under control into full production and to finance dairy farming activities and the acquisition of additional land, farming equipment, grain storage capacity.