Olam International will look to New Zealand Farming Systems Uruguay shareholders to address the company’s funding shortfall if its takeover bid succeeds.
In a statement the company says it’s confident it can maximise Farming Systems’ earning potential, and it may ask shareholders for support in equity capital raisings.
The Singapore-based company has previously been critical of Farming Systems’ operational targets and unrealistic financial forecasts.
It’s offering 55 cents per share as part of the takeover bid.