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.

The funds would also be used for further acquisitions as part of its plans to grow its business by “pursuing attractive...

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