F&N eyes up to 19.99% stake in New Zealand’s Comvita with $15m commitment
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Fraser and Neave, Limited (F&N) plans to acquire up to a 19.99% stake in New Zealand's Comvita Limited, committing up to $15 million (NZ$20.1 million) as a cornerstone investor in a proposed equity capital raising. F&N will act as the sole underwriter for Comvita's entitlement offer, aiming to raise up to $22.5 million (NZ$30 million) at $0.49 (NZ$0.65) per share. If the target is not met, F&N will subscribe for additional shares at $0.60 (NZ$0.80) per share.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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