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Societa per la Bonifica dei Terreni Ferraresi e per Imprese Agricole SpA Sa (BFFI.MI)

BFFI.MI on Milan Stock Exchange

19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

BF Holding/Bonifiche Ferraresi sign reorganization agreement with Cassa Depositi e Prestiti
Tuesday, 14 Feb 2017 05:32am EST 

Bonifiche Ferraresi SpA : Said on Monday that it finalised an agreement with BF Holding SpA and Cassa Depositi e Prestiti via its unit Cdp Equity SpA for an industrial plan and the reorganization of the group BF Holding/Bonifiche Ferraresi . The agreement envisages a rights issue of 10.0 million euros ($10.62 million) at the price of 2.4 euros per share . BF Holding to issue a convertible bond for 50.0 million euros reserved to Cdp Equity . BF Holding to launch a stock and cash tender offer on the whole share capital of Bonifiche Ferraresi . Exchange ratio is set at 10 new shares of BF Holding and 1.05 euros for each tendered share . The tender offer is subject to the condition that BF Holding reaches more than 90 pct in the share capital of Bonifiche Ferraresi . The takeover bid is aimed at the delisting of Bonifiche Ferraresi and following listing of BF Holding . Bonifiche Ferraresi does not expect to distribute any dividend on FY 2016 . If the tender offer is not successful, there is an alternative plan of reorganization which envisages a merger between BF Holding and Bonifiche Ferraresi.  Full Article

Bonifiche Ferraresi signs deal to acquire assets from Bonifiche Sarde
Friday, 10 Feb 2017 11:36am EST 

Bonifiche Ferraresi SpA :Signs agreement to acquire from Bonifiche Sarde SpA assets located in the municipalities of Arborea, Terralba and Marrubiu for 9.6 million euros ($10.22 million).  Full Article

Bonifiche Ferraresi H1 net profit rises to EUR 0.9 mln
Wednesday, 27 Jul 2016 12:10pm EDT 

Bonifiche Ferraresi SpA : H1 production value 9.2 million euros ($10.11 million) versus 8.1 million euros a year ago .H1 net profit 0.9 million euros versus 0.8 million euros a year ago.  Full Article

Bonifiche Ferraresi Q1 net profit down at EUR 53,000
Wednesday, 11 May 2016 12:43pm EDT 

Bonifiche Ferraresi : Q1 production value 3.0 million euros ($3.43 million) versus 2.8 million euros a year ago .Q1 net profit 53,000 euros versus 0.2 million euros a year ago.  Full Article

Bonifiche Ferraresi SpA Proposes dividend of 0.065‍​ euro per share
Tuesday, 8 Mar 2016 07:00pm EST 

Bonifiche Ferraresi SpA:Proposes dividend of 0.065‍​ euro per share.  Full Article

Bonifiche Ferraresi SpA says 99.5 pct of capital increase subscribed
Monday, 14 Dec 2015 03:09am EST 

Bonifiche Ferraresi SpA:Says 2.2 million shares subscribed in capital increase, for total value of 31.8 million euros, corresponding to 99.52 percent of the shares offered.  Full Article