Agria Group Holding With Greatest Market Share In Rapeseed Production

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Agria Group Holding With Greatest Market Share In Rapeseed Production

In the financial 2007/2008, Agria Group Holding increased its market share in the production of rapeseed – a seed used as a material for the production of biodeisel, from 11% to 15%.

Meanwhile, the company posted consolidated Jan – Sept earnings in the amount of 2.319 mln leva (1.185 mln euros), which is 276% up from a year ago.

At the moment the company is filing IPO via book-building.

Agria Group is offering 1.7 mln common voting shares with a face value of 1 lev, issued in the company's capital increase.

United Bulgarian Bank is underwriter of the subscription, which started yesterday (November 29) and ends December 3 (Monday).

The holding's core activity is in the area of agribusiness, and food processing, and it is recently specializing in a fast developing sector of economy – energy production via renewable energy sources.

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