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10:42
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Originally posted by AgentSmith82:
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As of now, Nufarm Limited (ASX: NUF) has not announced any new capital raising initiatives in 2025. The company's most recent equity raising occurred in 2017, when it launched a $303 million entitlement offer to strengthen its balance sheet and support growth strategies. abl.com.auIn the current context, Nufarm is focusing on a strategic review of its Seed Technologies division, which has underperformed, leading to a 71% decline in EBIT to $15.9 million. This review includes exploring potential divestment options. Major shareholders, including Allan Gray, L1 Capital, and Tanarra Capital, who collectively hold about 30% of Nufarm's shares, are advocating for a potential sale of the company rather than pursuing additional external funding for the Seed Technologies division. theaustralian.com.auWhile a capital raise could be considered in the future, especially if the strategic review does not yield favorable outcomes, there is no current indication from Nufarm regarding such plans.
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Hi AG,
(20min delay)