Bosquar Invest, formerly Meritus Investments, reported on Thursday that it has successfully completed a secondary public offering (SPO) raising 49.1 million euros in new capital, bringing its total market capitalization to 294.6 million euros.
Investors purchased all 196,405 new shares offered at a final price of 250 euros per share. The joint global coordinators of this issuance were Erste&Steiermärkische Bank, UniCredit Bank GmbH, Milan branch, and Zagrebačka banka.
– We are very pleased with the outcome of the new share offering. The success achieved indicates the growing market confidence in Bosquar Invest as a leading business group in this part of Europe. We particularly appreciate the ongoing support of our long-term investors, who have backed every transaction we have made in the capital markets since our SPO to date, and we are very pleased to be recognized by new investors, including international ones, especially those from Slovenia. The capital raised will empower us to continue the process of finalizing our investment in the Panvita Group, for which we have recently received all necessary regulatory approvals, and support its further expansion in the Adria region as well as in Central Eastern Europe – said Darko Horvat, CEO of Bosquar.
The statement emphasizes that the successful offering of new shares is an important step towards finalizing Bosquar’s investment in the Panvita Group, a key player in the Slovenian agricultural and food market. With these funds, Bosquar will be well-positioned to continue implementing its strategy of consolidating the food sector in the region and support Panvita’s expansion, aiming to position the group as a regional leader in the next five years.
