:. Food Industry News


Spain's Natra to Double Capital, Raise 42.6 Mln Euros

Source: Reuters
12/06/2009

Madrid, June 12 - Spanish food firm Natra announced late on Thursday it would issue shares worth 42.6 million euros ($59.78 million), doubling capital to service its debt and invest.

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Natra, which primarily makes cocao and chocolate products, will issue 16.1 million shares at 2.65 euros each in the proportion of 2-for-1, boosting capital by 50 percent.

The issue will have an option for new shareholders if current shareholders do not cover the rights on offer, Natra said.



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