Czech investment fund increased its stake in Agromino to 43%

Czech Mabon investiční fond s proměnným základním kapitálem a.s. will increase its shareholding in Agromino to 43.05%.

Mabon, as the company’s largest shareholder, has entered into a share purchase agreements regarding the purchase of additional 3,151,063 shares in the Company for a total consideration of SEK 53,568,071 corresponding to a price of SEK 17.00 per share (USD 1.91).

The fund will take possession of the shares and increase its shareholding in Agromino to 7,501,050 shares, corresponding to 43.05% of the total shares and votes in the company.

GoMobile Nu AB, as the company´s second largest shareholder, has entered into a share purchase agreements regarding the sale of 1,480,000 shares in the company for a total consideration of SEK 25,160,000 corresponding to a price of SEK 17.00 per share. Share purchase agreement is conditional solely upon approval from the competition law authorities. If the condition is fulfilled, GoMobile Nu AB will hold less than 15% of the total share capital and of the total voting rights of Agromino.

Previously it was reported that Agromino net loss in 1H 2018 amounted to EUR 2.8 million (profit of EUR 9.5 million in 1H 2017).