Agricover will not listed on the Bucharest Stock Exchange (BSE), investor appetite is low. According to a statement sent to the exchange, “the criteria for a successful closing of the offer were not met and therefore the offer was not completed by entering into an agreement.”
Investors who have correctly subscribed to the offer will receive a refund.
Another press release sent to the press said: “The Board of Directors of Agricover Holding SA has decided not to continue with the process of listing the shares on the Bucharest Stock Exchange due to the fact that in the current market conditions, the initially envisaged parameters would not be met.”
“Having a strong financial situation and fully aware of the geopolitical, macroeconomic and financial market context, we took a calculated risk. We will continue with our plans, knowing that our innovative business model will ensure profitability and growth rates. We remain committed to the highest standards of corporate governance while continuing our commitment to driving innovation among farmers. We would like to express our gratitude to all investors who participated in this process,” said Liviu Dobre, CEO of Agricover Holding.
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.