Home » Agriculture Articles » PAVA shares rocket prior to new stage of investor talks
PAVA shares rocket prior to new stage of investor talks
Altay grain processor, offering a blocking stake in the company's equity, sees a 29.5% rise in share price
BARNAUL, RUSSIA, October 03, 2009 /Agriculture PR News/ -- On September 29, shares of PAVA OJSC quoted on MICEX soared 29.5% higher after the company announced the forthcoming visit to the MENA region, which marks a new phase in the dialogue with strategic and financial partners.
Trading is impacted by increased promotion of the projects, as PAVA intends to offer a blocking stake in the company, effecting the transition to a vertically integrated holding.
"We anticipate the trend will continue. Interest for our bid has topped expectations and improved prospects of agriculture investment overseas will be pushing the shares up", said Andrey Ananin, PAVA Director General.
This also follows PAVA's recent report of a successful bond repurchase - the company became the only player in the agro-processing sector to pay out the total volume of investor obligations on RUR1 bln. bond loan.
About PAVA OJSC
OJSC PAVA is known as one of the three leading operators on the Russian grain processing market. Its principal activities are manufacturing and distribution of such products as flour of different grades, cereals, confectionery and animal feed.
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Press Release Contact Information:
Yulia Chebotareva
PAVA OJSC
PR manager
Pushkina 38
Barnaul, Altay region
Russia 656049
Voice: +7 3852 630155
Website: Visit Our Website |
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