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Sipef NV (SIFB.BR)

SIFB.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ackermans & Van Haaren brings its participation in Sipef's share capital to 30.25%
Tuesday, 23 May 2017 02:09am EDT 

May 23 (Reuters) - Ackermans & Van Haaren NV ::ANNOUNCES TO HAVE SUBSCRIBED FOR 629,268 NEW ORDINARY SHARES IN THE FRAMEWORK OF THE 88.9 MILLION EUROS RIGHTS ISSUE OF SIPEF.BRINGS ITS PARTICIPATION IN THE SHARE CAPITAL OF SIPEF TO 30.25%.ACKERMANS & VAN HAAREN’S TOTAL INVESTMENT IN THE FRAMEWORK OF THE CAPITAL INCREASE AMOUNTS TO 35.7 MILLION EUROS.  Full Article

Sipef says Q1 production increases will not persist during Q2
Thursday, 20 Apr 2017 04:48am EDT 

April 20 (Reuters) - Sipef Nv ::In Q1 recorded rising palm oil volumes at all production sites of co(+21.7 pct).In Q1 Indonesian rubber volumes also showed a generally positive trend (+12.7 pct).Q1 banana production up 20.23 percent.It is already obvious that the strong production increases of the first quarter will not persist during the second quarter.Smaller numbers of unripe fruit are reported in our oil palm plantations for coming months, which means that we will see growth volumes of around 10 pct in the next period.Expect slightly higher production figures for our Indonesian rubber plantations, a recovery of tea production and a continuation of the upward trend in banana volumes in Q2.  Full Article

Sipef announces potential acquisition of PT Dendy Marker
Tuesday, 21 Feb 2017 01:57am EST 

Sipef NV : Signed a heads of agreement with pt agro investama gemilang (AIG) relating to the acquisition of 95 pct of the shares of pt dendy marker indah lestari (DMIL) for a consideration of $53,105,000 . Board will propose to refinance investment in PT Agro Muko and in DMIL by combination of capital increase for an amount up to $97,200,000 and a long-term bank loan for remaining amount . Capital increase for an amount up to $97,200,000 to be with preferential subscription rights for the current shareholders .Regarding acquisition of 47.71 pct in Agro Muko in Dec 2016, co received clearance from "capital investment coordinating board" for acquisition of stakes from PT Austindo Nusantara Jaya TBK and M.P. Evans Group Plc.  Full Article

Sipef FY revenue up 18.2$ to $267 million
Thursday, 16 Feb 2017 02:45am EST 

Sipef NV : Fy net result, share of the group, amounted to KUSD 39 874, or 113.1 pct up on 2015 . Fy operating income $47.5 million versus $21.5 million year ago . Proposal for the distribution of a gross dividend of 1.25 euro ($1.33) per share, in line with the payout ratio of previous years . Fy free cash flow of $13.3 million . Q4 palm oil production 86,783 tonnes versus 77,307 tonnes year ago . Fy revenue $267.0 million versus $225.9 million year ago . 41 pct of our expected palm oil volumes for 2017 were sold at higher prices compared to 2016 . Positive palm oil production trend is generally expected to persist throughout the entire first quarter. . Wintering at the rubber plantations at this time of year offers a varied picture of rubber volumes over the next few months . For the time being banana production volumes still fall short of expectations, but are expected to recover towards the end of the first quarter. . It is expected that somewhere during second semester of 2017 we will see a very strong production recovery with high yields .Expects that there will only be a significant stock increase after middle of year, so that prices remain well supported.  Full Article

Baron Bracht is succeeded by Baron Bertrand as chairman of Sipef
Thursday, 9 Jun 2016 03:42am EDT 

Sipef NV :Baron Bracht is succeeded by Baron Bertrand as chairman of board of directors.  Full Article

Sipef proposes gross dividend of 0.60 euro per share
Wednesday, 17 Feb 2016 07:00pm EST 

Sipef NV:Proposal for the distribution of a gross dividend of 0.60 euro per share, in line with the payout ratio of previous years.  Full Article

Sipef gives Full Year 2015 guidance
Thursday, 22 Oct 2015 02:36am EDT 

Sipef NV:Taking the above into account, and with the extra usd 50/tonne levy on all palm oil produced in Indonesia being introduced in mid-July, company may conclude that the annual 2015 results will be substantially lower than in 2014.  Full Article

BRIEF-Ackermans & Van Haaren brings its participation in Sipef's share capital to 30.25%

* ANNOUNCES TO HAVE SUBSCRIBED FOR 629,268 NEW ORDINARY SHARES IN THE FRAMEWORK OF THE 88.9 MILLION EUROS RIGHTS ISSUE OF SIPEF