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Roebuck Food Group PLC ( (GB:RFG) ) has provided an announcement.
Roebuck Food Group PLC announced plans to acquire significant stakes in GlasPort Bio Limited and GlasPort Rumen Tech Limited, two companies involved in reducing greenhouse gas emissions in agriculture. The acquisitions aim to strengthen Roebuck’s position in sustainable agribusiness, with a focus on deploying innovative technologies like GasAbate and RumenGlas. This strategic move involves raising up to €8.5 million through placing and subscription, with shareholder approval required at an extraordinary general meeting. The investment reflects Roebuck’s commitment to expanding its portfolio in the agribusiness sector and aligns with its strategy to enhance sustainability practices.
More about Roebuck Food Group PLC
Roebuck Food Group PLC is a company focused on growth and innovation in the food and agribusiness sectors. It is involved in acquiring and investing in businesses that enhance productivity and sustainability in agriculture, particularly through technology solutions that reduce environmental impact.
YTD Price Performance: 24.44%
Average Trading Volume: 13,930
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.34M
For a thorough assessment of RFG stock, go to TipRanks’ Stock Analysis page.
