Fyffes raises €47m through share placing

Fyffes raises €47m through share placing View Gallery
Bid values Fyffes at €751m
Fruit and vegetable importer Fyffes has raised around €47m through a placing of almost 31.5 million shares at a price, of €1.50 per share. The new shares represent around 10 per cent of the company’s ordinary share capital. Fyffes said the net proceeds from the placing would be used to maintain its balance-sheet strength and liquidity.

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