Isagro raises $15.9 million through share sale
Italian agrochemical company Isagro (Milan) has sold over 99% of its share offering to existing shareholders. The company is seeking a capital increase from the sale of ordinary and "growth" shares neither with par value to be offered "in option" to shareholders (Agrow No 687, p 8). It has raised some €15.9 million ($22.1 million at the current rate) from the sales, which constituted around 55% of the shares to be offered. The outstanding or unsold shares will go on general offer on the Italian stock market along with the rest of the planned offering. The company seeks a €29 million ($40.4 million) capital increase.