OREANDA-NEWS. October 22, 2009. Sintal Agriculture Public Limited < SNPS GF N/R > sold 17.2% of its shares for USD 13mn during the secondary private placement. Namely, the Company sold 5.7mn of GDRs at USD 2.29 each, which corresponds to USD 75mn of the Company's capitalization. The GDR's are planned to be placed at the Frankfurt Stock Exchange.

Millennium Capital sees the news to be positive for Sintal. Firstly, this proves that the Company’s operational activity is successful, since it was the first domestic agriculture company to have attracted foreign investor’s capital in 2009. Secondly, the proceeds from this sale will enable Sintal to expand its operational activity in 2009 and increase its output in 2010.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.