• Most Popular
  • Most Shared

Australia's Nufarm seeking to raise A$320mln-sources

Thu May 14, 2009 7:45pm EDT

Stocks

   

SYDNEY, May 15 (Reuters) - Nufarm Ltd (NUF.AX), an Australian farm chemicals group, is seeking to raise about A$320 million ($242 million) by selling new shares, two fund managers who were approached by the company's advisers told Reuters on Friday.

The new shares are being sold at A$11.25 each, the sources said, a 10 percent discount to Nufarm's last traded price. The sources declined to be identified as details of the raising were not public yet.

Nufarm was not immediately available for comment.

Earlier, Nufarm halted trading in its shares to make an announcement regarding capital raising. It did not give details. ($1=A$1.32) (Reporting by Denny Thomas;) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))



More from Reuters

A boy looks for recyclable items in the polluted waters of the Yamuna river in New Delhi December 9, 2009. REUTERS/Rupak De Chowdhuri

U.N. Climate Change Conference

Welcome to our coverage of the U.N. Conference on Climate Change. This is your space to respond to our panelists and voice your views on the events at COP15.  Full Coverage 

    Discovery Communications Wellness Center medical technician Charline Faison notes patient medical information during an appointment at the clinic in the Discovery Communications headquarters buildingin Silver Spring, Maryland December 3, 2009. Credit: REUTERS/Jim Bourg

    House calls at the office

    Companies like Discovery say they've found a way to save millions in annual health insurance costs and provide better healthcare for their employees.  Full Article 

    Healthcare Reform
    Felix Salmon

    The banking revolution?

    A couple of firms you've probably never heard of have a few ideas that could revolutionize the broken consumer banking system, says Felix Salmon.  Full Article 

    Felix Salmon