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Article: Brazil: Rasip Agro to issue stocks.
- Article from:
- South American Business Information
- Article date:
- June 28, 1999
CopyrightCOPYRIGHT 1999 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rasip Agro Pastoril, Brazil's 5th major apples producer, will start tomorrow to issue stocks at the stock exchange. The company was previously controlled by the Randon group's Randon Participacoes holding. Headquartered in Caxias do Sul, State of Rio Grande do Sul, Randon produces auto parts. It was being criticized by investors for its agricultural operation and therefore opted for an assets spin-off last year. Rasip's net worth amounted to R$35.178mil last May. Its capital consists of 150bil shares, ofwhich 97.6bil ones corresponding to common stocks. The company posted the following results in the 1st quarter of 1999 in comparison with the same ...