Green Plains Renewable Energy (GPRE), the Nasdaq-quoted company in which NTR has a 45 per cent stake, plans to raise at least up to $70 million by issuing new shares.
Ethanol producer GPRE will pay down company debt with the cash it raises and chase acquisitions. NTR, which reported interim results last week, will see its own holding reduced with a number of institutional investors expected to get on board.
Jim Barry, chief executive of NTR, said...
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