Romanian agricultural inputs provider Norofert starts capital increase operation

Norofert (shortened BVB: NRF), a major producer of organic agricultural inputs and a biotechnology provider for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, announced that it has initiated a share capital increase through cash contribution, following the approval of the prospectus by the Financial Supervisory Authority.

The company aims to raise RON 9 million (EUR 1.76 million) to support strategic investments, especially the development of the research laboratory and microorganism multiplication capacities, the expansion of the irrigation system at the Zimnicea farm, the strengthening of its presence on external markets, and ensuring the working capital needed to meet a growing demand for its products.