July 7 (Reuters) - Wingara AG Ltd (WNR) :
- Wingara to acquire pyrenees hay processing Operative Ltd
- Signs memorandum of understanding to acquire a controlling stake in pyrenees
hay processing co-operative ltd
- Expects to produce 12,500 --15,000 mt at PHPC in the coming 2016/2017
- Will target sales volume of 37,000 --42,000 mt in the 2016/2017 season,
delivering increased group EBITDA.
- Says expects the overall investment in phpc and associated entities will be
$5.5 million
- Investment will acquire assets and inventory with additional capital
expenditure set aside for plant improvement and storage upgrade
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