StockMarketWire.com - Nutrition and genetics business Benchmark Holdings said it had agreed to fund a Chilean salmon breeding joint venture with Empresas AquaChile and would raise £19m to help fund the deal.
The company said it had acquired a 49% stake in the JV for $16.25m in cash.
Benchmark also said that it was on track to meet its trading expectations for the year through September, having recorded a 'strong first-half performances in a number of key areas'.
New shares in the company would be issued at 55p each, representing an 8.5% discount to the closing middle market price on 7 June.
At 2:00pm: [LON:BMK] Benchmark Holdings Plc share price was -0.5p at 59.6p
Story provided by StockMarketWire.com
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