Feed manufacturer ForFarmers, based in Lochem in the Netherlands, is to list on the Euronext Amsterdam stock exchange from May 24th.
The co-operative secured approval for the move at its annual general meeting last month (ATN April 22nd) from its majority shareholder Coöperatie FromFarmers and individual investors. The change is the final move in a process that began in 2005 to help meet the company’s growth ambitions while preventing dilution of members’ capital, and making shareholdings more tradeable. The listing will not raise any new capital.
As part of the move, ForFarmers BV will convert to ForFarmers NV, a public company. Rabobank and ABN AMRO are acting as joint financial advisers over the listing.