Agrovalley Limited increased shareholding in IMC to 71.65%

A legal entity Agrovalley Limited, controlled by Aleksandr Petrov, Chairman of the Board of IMC, increased its shareholding in the company to 71.65%.

On 19 October 2018, Agrovalley purchased a total of 161 448 shares in IMC S.A. at a fixed price of 12.62 PLN per share (USD 3.37), increasing its total shareholding to 23 770 937 shares following the transaction.

The number of IMC's shares issued: 33 178 000.

In early September, IMC reported a USD 24.33 million net profit in 1H 2018 against USD 30.29 million in the corresponding period in 2017.