New York-based investment fund GEM Global Yield will be able to invest up to $15 million in Norofert on the basis of an agreement signed with Vlad Andrei Popescu, Chairman of the Board of Directors and a significant shareholder of the company, reads a report the organic fertilizer producer submitted to BVB.
Norofert, a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, has announces the approval of its Board of Directors to conduct a public offering of corporate bonds, valued at up to RON15 million.